Legal Opinion
John E. Goodenow v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided November 8, 1956No. 15514_1PublishedCited by 24 opinions
1Opinion of the Court
SANBORN, Circuit Judge.
This is a petition to review a decision of the Tax Court redetermining a deficiency of $625.50 in the income tax of the petitioner, an Iowa farmer, for the year 1947. 25 T.C. 1. The facts are not in dispute.
The petitioner kept his books and filed his returns on an accrual basis. His livestock inventory at the beginning of 1947 included cattle held for sale and those used for breeding purposes. In 1947 the petitioner sold some breeding stock, and in his income tax return for that year reported a long-term capital gain from the sale as follows:
Gross sales…
2Cases cited9 opinions
- Birmingham v. Geer Et UxCourt of Appeals for the Eighth Circuit · 1950
- Uptegrove Lumber Co. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1953
- Deakman-Wells Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1954
- George Slaff v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1955
- American Found. Co. v. CommissionerUnited States Tax Court · 1943
4 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Colony, Inc. v. CommissionerSupreme Court of the United States · 1958
- Larry Howard Homan v. United StatesCourt of Appeals for the Eighth Circuit · 1960
- Lawrence v. CommissionerUnited States Tax Court · 1957
- Lawrence Keasler and Keasler Body Company, Inc. v. United StatesCourt of Appeals for the Eighth Circuit · 1985
- United States v. Home Concrete & Supply, LLCSupreme Court of the United States · 2012
19 more not listed; retrieve them via the Exa API.