Legal Opinion
Millard H. Hall and Mettie Burma Hall v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided January 28, 1969No. 26567_1PublishedCited by 12 opinions
1Opinion of the Court
TUTTLE, Circuit Judge :
The principal issue in this case is whether the taxpayer is entitled, under the depreciation statute, 26 U.S.C.A. § 167, (1964 ed.), to amortize the purchase price of a Texas insurance management contract over a ten year term.
Bankers Life & Loan Company was a Texas mutual assessment insurance company which sold assessment life, health and hospitalization insurance to the public. Such a company is technically a non-profit organization. Its members are the policyholders. The policyholders elect the board of directors and this board is charged with the general supervision…
2Cases cited6 opinions
- Detroit Edison Co. v. CommissionerSupreme Court of the United States · 1943
- Nachman v. Commissioner of Internal Revenue. Tobias v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1951
- John Geurkink and Catherine Geurkink v. United StatesCourt of Appeals for the Seventh Circuit · 1965
- Kwtx Broadcasting Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- E. T. Griswold v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1968
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- United States v. Grayson County State Bank and Lloyd Butts, First Pentecostal Church, Etc., Intervenor-AppelleeCourt of Appeals for the First Circuit · 1981
- Collins v. CommissionerUnited States Tax Court · 1974
- Canterbury v. CommissionerUnited States Tax Court · 1992
- James A. Kilgroe, Transferee (Of Kip Corporation) v. United StatesCourt of Appeals for the Tenth Circuit · 1981
- United States v. Cecil E. Lucas General Contractor, Inc.District Court, D. South Carolina · 1975
7 more not listed; retrieve them via the Exa API.