Legal Opinion
Thomas Crawley Davis and Grace Ethel Davis v. United States
United States Court of Claims
Decided March 1, 1961No. 516-58PublishedCited by 14 opinions
1Opinion of the Court
LARAMORE, Judge.
Plaintiff 1 sues to recover an alleged overpayment of taxes for the year 1955. The Commissioner of Internal Revenue proposed to assess a tax deficiency in the sum of $6,318.66 on the basis of disallowance of the deduction of $5,000 for legal fees, and on the basis of including in plaintiff’s gross income a net long-term capital gain of $3,737.31, representing the difference between the tax basis to plaintiff of 500 shares of du Pont stock transferred to Alice M. Davis, his former wife, during 1955 and the fair market value of such shares as of the date of transfer to her. The…
2Cases cited23 opinions
- Lykes v. United StatesSupreme Court of the United States · 1952
- Baer v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1952
- Smith's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1953
- Joseph Lewis v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1958
- Commissioner of Internal Revenue v. MestaCourt of Appeals for the Third Circuit · 1941
18 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- United States v. GilmoreSupreme Court of the United States · 1963
- United States v. DavisSupreme Court of the United States · 1962
- Walter E. Ditmars and Jennie J. Ditmars v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1962
- William K. Carpenter and Leigh P. Carpenter v. The United StatesUnited States Court of Claims · 1964
- Don Gilmore and Sue Gilmore v. United StatesUnited States Court of Claims · 1961
9 more not listed; retrieve them via the Exa API.