Legal Opinion
Sid Luckman and Estelle Luckman v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided November 13, 1969No. 17424PublishedCited by 23 opinions
1Opinion of the Court
CUMMINGS, Circuit Judge.
This is an appeal from a decision of the Tax Court upholding income tax deficiencies in the amount of $17,482.38 determined by the Commissioner of Internal Revenue for the calendar year 1961 2 The decision below is reported in 50 T.C. 619 (1968).
The facts are undisputed. Taxpayers are husband and wife who file joint tax returns. During the taxable year he owned 100,000 shares of Rapid American Corporation (“Rapid”) common stock. In 1961 he received $37,245.75 in corporate cash distributions. In February 1962, Rapid advised its stockholders that such distributions…
2Cases cited21 opinions
- Commissioner v. LoBueSupreme Court of the United States · 1956
- Commissioner v. SmithSupreme Court of the United States · 1945
- Commissioner v. Estate of BedfordSupreme Court of the United States · 1945
- Stein v. CommissionerUnited States Tax Court · 1956
- Kaplan v. CommissionerUnited States Tax Court · 1965
16 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Mikulski v. Centerior Energy Corp.Court of Appeals for the Sixth Circuit · 2007
- Arlie Glen Skelton, Jr. v. General Motors CorporationCourt of Appeals for the Seventh Circuit · 1981
- Speltz v. Comm'rUnited States Tax Court · 2005
- Harold S. Divine and Rita K. Divine v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1974
- Anderson v. CommissionerUnited States Tax Court · 1976
18 more not listed; retrieve them via the Exa API.