Legal Opinion
Thomson v. Commissioner
Court of Appeals for the Ninth Circuit
Decided January 23, 1969No. Nos. 22109, 22109-APublishedCited by 9 opinions
1Opinion of the Court
ELY, Circuit Judge:
This is a petition to review Tax Court decisions1 allocating the entire amount received by petitioners in a compromise settlement of a civil action against the United States to ordinary income and allocating also to ordinary income five-sixths of an amount petitioners received in settlement of an antitrust suit. Our jurisdiction rests on Section 7482 of the Internal Revenue Code of 1954. We affirm.
Petitioners Thomson are husband and wife. They operated the Texas Tank Company as a proprietorship in the calendar years 1954 and 1955, the two years for which the Commissioner…
2Cases cited6 opinions
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
- Raytheon Production Corp. v. Commissioner of Int. Rev.Court of Appeals for the First Circuit · 1944
- Grace Bros. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1949
- Harrison E. Spangler and Myrtle B. Spangler v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- Cornelius G. Noble and Pansy H. Noble v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1966
1 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Paul F. Roemer, Jr. And Marcia E. Roemer v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1983
- Frank E. & Mildred E. Rickel v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1990
- Alexander v. Internal Revenue Service of the United StatesCourt of Appeals for the First Circuit · 1995
- Carroll J. Bellis and Mildred Bellis v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1976
- Niles v. United StatesDistrict Court, N.D. California · 1981
4 more not listed; retrieve them via the Exa API.