Legal Opinion
National Weeklies v. Com'r of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided July 19, 1943No. 12540PublishedCited by 18 opinions
1Opinion of the Court
JOHNSEN, Circuit Judge.
The taxpayer has petitioned for review of a decision of the Board of Tax Appeals (now the Tax Court of the United States) redetermining deficiencies in its income taxes for 1935 and 1936.
The first item involved is one of $1,080, deducted by petitioner in its 1935 return as salary paid an employee named Klein. It consisted of an accumulation of stuns withheld from Klein’s earnings, as “a sort of sinking fund” or reserve for the payment of a $2,000 note which Klein had given the company for 'an indebtedness some years before. Klein left the company’s employ in 1935, and…
2Cases cited22 opinions
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Burnet v. HoustonSupreme Court of the United States · 1931
- Wilmington Trust Co. v. HelveringSupreme Court of the United States · 1942
- Mahler v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Gloyd v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1933
17 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Houston Chronicle Publishing Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1973
- Miles-Conley Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1949
- Westinghouse Broadcasting Co. v. CommissionerUnited States Tax Court · 1961
- Heil Beauty Supplies, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1952
- Spitzer v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1946
13 more not listed; retrieve them via the Exa API.