Legal Opinion
Texas Trailercoach, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided January 7, 1958No. 16619PublishedCited by 35 opinions
1Opinion of the Court
WISDOM, Circuit Judge.
This case is before us on a petition to review a decision of the Tax Court. The petition raises the problem of determining the tax effect of a dealer’s reserve account.
The taxpayer, Texas Trailer-coach, Inc., a Texas corporation organized July 1, 1952, with its main place of business in Dallas, Texas, sells new and used trailers, and is a dealer for Spartan Aircraft Trailercoach, Inc. The corporation reports income on an accrual basis. The tax in dispute is for the taxpayer’s first fiscal year ending June 30, 1952. The tax claimed is $2,587.68 on $8,375.59 in the dealer…
2Cases cited16 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Compañia General De Tabacos De Filipinas v. Collector of Internal RevenueSupreme Court of the United States · 1927
11 more not listed; retrieve them via the Exa API.
3Cited by35 opinions
- Commissioner v. HansenSupreme Court of the United States · 1959
- Marc D. Leh and L. Waive Leh v. Commissioner of Internal Revenue, David E. Brown and Christobel H. Brown v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Nelson Weaver Realty Company, and Nelson Weaver Mortgage Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1962
- John R. Hansen and Shirley G. Hansen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Gunderson Bros. Engineering Corp. v. CommissionerUnited States Tax Court · 1964
30 more not listed; retrieve them via the Exa API.