Legal Opinion
L. B. Whitfield, Jr., and Virginia G. Whitfield v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided December 11, 1962No. 19659_1PublishedCited by 19 opinions
1Opinion of the Court
CAMERON, Circuit Judge.
This petition for review of a decision of the Tax Court 1 presents the question whether that court erred in holding that “under the facts,” an indebtedness of the taxpayer’s father’s estate — he had died in 1942 — to a corporation was cancelled in 1956, resulting in distributable income to the estate which was, in turn, taxable to the taxpayer beneficiary in proportion to his beneficial interest in the estate. A second and unrelated 1 question is whether certain income to the estate in 1954, including funds reserved to pay debts of the estate, was taxable to the…
2Cases cited8 opinions
- Helvering v. HorstSupreme Court of the United States · 1940
- Freuler v. HelveringSupreme Court of the United States · 1934
- Burnet v. WellsSupreme Court of the United States · 1933
- Poncet Davis v. United StatesCourt of Appeals for the Sixth Circuit · 1955
- Paramount-Richards Theatres, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1946
3 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Cornelius G. Noble and Pansy H. Noble v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1966
- Local Finance Corp. v. CommissionerUnited States Tax Court · 1967
- La Croix v. CommissionerUnited States Tax Court · 1974
- United States v. Roy O. Disney and Edna F. DisneyCourt of Appeals for the Ninth Circuit · 1969
- Rita G. Shephard, Guardian of Susan Shephard v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1965
14 more not listed; retrieve them via the Exa API.