Legal Opinion
Clopton v. Comm'r
United States Tax Court
Decided April 6, 2004No. 4627-03UnpublishedCited by 5 opinions
1Opinion of the Court
ALDEN L. CLOPTON AND YOLANDA Y. CLOPTON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Clopton v. Comm'r
No. 4627-03
United States Tax Court
T.C. Memo 2004-95; 2004 Tax Ct. Memo LEXIS 93; 87 T.C.M. (CCH) 1217;
April 6, 2004, Filed
Decision will be entered under Rule 155.
Frank Sommerville, for petitioners.
W. Lance Stodghill, for respondent.
Goeke, Joseph Robert
GOEKE
MEMORANDUM OPINION
GOEKE, Judge: Respondent determined a deficiency in petitioners' 1999 Federal income tax of $ 221,269.96. The sole issue for decision is whether a lump-sum amount received in exchange for an interest in a…
2Cases cited16 opinions
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Higgins v. SmithSupreme Court of the United States · 1940
- Commissioner v. P. G. Lake, Inc.Supreme Court of the United States · 1958
- Commissioner v. Gillette Motor Transport, Inc.Supreme Court of the United States · 1960
- Hamlin's Trust v. Commissioner of Internal Revenue. Nowel's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1954
11 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- George Lattera Angeline Lattera v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 2006
- Watkins v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 2006
- Lattera v. Comm'rUnited States Tax Court · 2004
- Lattera v. Commissioner IRSCourt of Appeals for the Third Circuit · 2006
- Shirley B. Prebola n.k.a. Shirley D. Begy v. CommissionerUnited States Tax Court · 2005