Legal Opinion
Smith v. United States
United States Court of Claims
Decided May 3, 1955No. 50017PublishedCited by 15 opinions
1Opinion of the Court
LITTLETON, Judge.
The plaintiff sues to recover individual income taxes and deficiency interest paid for the calendar -year 1944 in the amount of $11,070.57, with interest thereon. The plaintiff duly filed his income tax return for 1944 and paid the tax shown thereon.
In July 1944, the Bay City Electric Steel Casting Company (sometimes hereinafter referred to as the company), in which the plaintiff was a stockholder, acquired from the plaintiff and other stockholders certain shares of its own outstanding stock. The plaintiff received $12,698.27, which was his cost basis, for 460% shares…
2Cases cited14 opinions
- Wall v. United StatesCourt of Appeals for the Fourth Circuit · 1947
- Boyle v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1951
- Keefe, Collector v. CoteCourt of Appeals for the First Circuit · 1954
- Kirschenbaum v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1946
- Anna I. Woodworth v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1955
9 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Northup v. United StatesCourt of Appeals for the Second Circuit · 1957
- United States v. Gerald and Gladys CareyCourt of Appeals for the Eighth Circuit · 1961
- Idaho Power Company v. United StatesUnited States Court of Claims · 1958
- In Re Estate Of Irwin G. Lukens, Deceased. George E. Lukens, PetitionersCourt of Appeals for the Third Circuit · 1957
- Idaho Power Co. v. United StatesUnited States Court of Claims · 1958
10 more not listed; retrieve them via the Exa API.