Legal Opinion
Jerome J. Peterson and Lawrence A. Peterson v. United States
Court of Appeals for the Eighth Circuit
Decided December 15, 1983No. 83-1073PublishedCited by 5 opinions
1Per curiam
Jerome J. and Lawrence A. Peterson appeal from an order of the District Court 1 finding that $322,084 earned from the sale of their business was taxable under the assignment-of-income doctrine. The Peter-sons were sole shareholders of Peterson Seed Co. of Minnesota. After adopting a plan of liquidation under 26 U.S.C. § 337, Peterson Seed Co. sold all of its assets and property to Pioneer Hi-Bred International, Inc., for $5,400,000 in cash and a sum equal to the Peterson Seed Co. liabilities. Peterson Seed Co. distributed the cash to the taxpayers and was voluntarily dissolved. Among the…
2Cases cited1 opinion
- Robert H. Storz, Transferee of Storz-Wachob-Bender Co., a Dissolved Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1978
3Cited by5 opinions
- Froemming v. Gate City Federal Savings & Loans Ass'nCourt of Appeals for the Eighth Circuit · 1987
- Robert W. Froemming, David D. Owen, Paul J. Sentman and Bruce F. Thompson v. Gate City Federal Savings and Loan Association, Robert W. Froemming, David D. Owen, Paul J. Sentman and Bruce F. Thompson v. Arvid P. Benson, Robert W. Froemming, David D. Owen, Paul J. Sentman and Bruce F. Thompson v. Sun Service Company, a North Dakota Corporation, Robert W. Froemming, David D. Owen, Paul J. Sentman and Bruce F. Thompson v. Warren T. CowgillCourt of Appeals for the Eighth Circuit · 1987
- In Re Air Crash Disaster at Stapleton Intern.District Court, D. Colorado · 1989
- Johnson v. Continental Airlines, Inc.District Court, D. Colorado · 1989
- Glass v. CommissionerUnited States Tax Court · 1988