Legal Opinion
United States v. Horschel
Court of Appeals for the Ninth Circuit
Decided June 15, 1953No. 13189_1PublishedCited by 20 opinions
1Opinion of the Court
BYRNE, District Judge.
The sole question presented on this appeal is whether part of the distribution of assets made by a corporation upon its liquidation constituted an assignment of anticipated income taxable to it.
The Selah State Bank conducted banking operations in Selah, Washington, and in 1920 the shareholders of the bank organized the Selah Securities Company as an adjunct to the banking business, primarily for the purpose of acquiring and holding certain types of collateral security which could not be held by the bank. The 300 shares of capital stock were held by the same persons who…
2Cases cited10 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- Helvering v. HorstSupreme Court of the United States · 1940
- Blair v. CommissionerSupreme Court of the United States · 1937
- United States v. Cumberland Public Service Co.Supreme Court of the United States · 1950
- United States v. Joliet & Chicago RailroadSupreme Court of the United States · 1942
5 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- J. Ungar, Inc. v. Commissioner of Internal Revenue, Jesse Ungar (Transferee) v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Commissioner of Internal Revenue v. Henry Hess Co. Henry Hess Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1954
- Schneider v. CommissionerUnited States Tax Court · 1975
- Telephone Directory Advertising Co. v. United StatesUnited States Court of Claims · 1956
- Telephone Directory Advertising Co. v. United StatesUnited States Court of Claims · 1956
15 more not listed; retrieve them via the Exa API.