Legal Opinion
Helvering v. Morgan's, Inc.
Supreme Court of the United States
Decided November 5, 1934No. 12PublishedCited by 201 opinions
1Opinion of the CourtJustice Stone
This petition for certiorari, 292 U. S. 618, presents for determination the single question, whether the two separate periods in 1925, for which the taxpayer made separate income tax returns, constitute two “ taxable years ” within the meaning of § 206 of the Revenue Act of 1926, c. 27, 44 Stat. 9, 17, which permits the taxpayer suffering a net loss in any taxable year to deduct it from taxable gains in the two succeeding taxable years.
On June 1, 1925, respondent, Morgan’s, Incorporated, acquired all the voting stock of respondent Haines Furniture Company. Later, and in due course, in…
2Cases cited3 opinions
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Woolford Realty Co. v. RoseSupreme Court of the United States · 1932
- Helvering v. New York Trust Co.Supreme Court of the United States · 1934
3Cited by201 opinions
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
- Phelps Dodge Corp. v. National Labor Relations BoardSupreme Court of the United States · 1941
- United States v. New York Telephone Co.Supreme Court of the United States · 1977
- Federal Land Bank of St. Paul v. Bismarck Lumber Co.Supreme Court of the United States · 1941
- United States v. Philip Morris USA Inc.Court of Appeals for the D.C. Circuit · 2009
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