Legal Opinion
Young v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided November 17, 1941No. 15PublishedCited by 17 opinions
1Opinion of the Court
AUGUSTUS N. HAND, Circuit Judge.
In 1936 the taxpayer, Minnie K. Young, held 175 shares of participating preference stock of the International Match Company which she had purchased in 1925, 1926 and 1929 at a total cost of $9,972.50. She claimed a deduction of that amount from her 1936 gross income on the ground that the shares became worthless in that year. She had sought to take the same deduction from her 1934 income because of worthlessness accruing during that year, but no loss for 1934 was allowed by the Commissioner because: “the present knowledge of the affairs of the company and the…
2Cases cited6 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- De Loss v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1928
- Schmidlapp v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1938
- Mahler v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Keeney v. CommissionerCourt of Appeals for the Second Circuit · 1940
1 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Estate of Guy L. Mann, Deceased. Suzanne Mann Duval, Administratrix v. United StatesCourt of Appeals for the Fifth Circuit · 1984
- Boehm v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1945
- Clark v. WelchCourt of Appeals for the First Circuit · 1944
- Estate of Frank Fuchs, Deceased, Edith Fuchs, and Edith Fuchs, Surviving Wife Individually v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1969
- AmBase Corp. v. United StatesCourt of Appeals for the Second Circuit · 2013
12 more not listed; retrieve them via the Exa API.