Legal Opinion
Schleppy v. Commissioner
Court of Appeals for the Fifth Circuit
Decided August 23, 1979No. Nos. 76-4247, 76-4248PublishedCited by 24 opinions
1Opinion of the Court
TUTTLE, Circuit Judge:
The government appeals from a decision of the Tax Court holding that the transfer by two taxpayers to a corporation of which they were the major but not sole shareholders, without consideration, to improve the financial condition of the corporation resulted in an ordinary loss to each of the taxpayers of the amount of his basis in the stock transferred., The wives of the named taxpayers are named in the litigation solely because of the fact that their husbands and they filed joint returns for the years in question. The term “taxpayers” refers to the husbands only.…
2Cases cited7 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Interstate Transit Lines v. CommissionerSupreme Court of the United States · 1943
- Downer v. CommissionerUnited States Tax Court · 1967
- Foster v. CommissionerUnited States Tax Court · 1947
- Burdick v. CommissionerUnited States Board of Tax Appeals · 1930
2 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Commissioner v. FinkSupreme Court of the United States · 1987
- Freeland v. CommissionerUnited States Tax Court · 1980
- Donald A. Jackson, Jr. And Marilynn Jackson v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1983
- Tilford v. CommissionerUnited States Tax Court · 1980
- Henry C. Tilford, Jr. And Barbara N. Tilford v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1983
19 more not listed; retrieve them via the Exa API.