Legal Opinion
C. F. Williams and Jeanne v. Williams v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided July 31, 1980No. 78-1985PublishedCited by 32 opinions
1Opinion of the Court
BREITENSTEIN, Circuit Judge.
Taxpayers appeal from a Tax Court decision, PH Memo ¶ 78,306, which upheld the Commissioner’s determination of deficiencies totaling about $285,000 for the tax years 1964 through 1969. The issue is whether cash withdrawals from closely held corporations are taxable dividends or bona fide loans. We affirm.
The petitioners-taxpayers are Clint Williams and his wife Jeanne Williams. Three Oklahoma corporations are involved, Oil Tool Sales Co. (Sales), Oil Tool Manufactur ing Co. (Manufacturing), and Williams Machine Co. (Machine). Clint and Jeanne each owned about 48%…
2Cases cited11 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- Fin Hay Realty Co. v. United StatesCourt of Appeals for the Third Circuit · 1968
- Estate of E. W. Chism, Deceased, Clara Chism, and Clara Chism v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- Alterman Foods, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1975
6 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Ralph D. Crowley and Frances A. Crowley v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1992
- Richard E. Busch Jr. & Jean N. Busch v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1984
- William L. Riley and June E. Riley v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1981
- Blixseth v. Kirschner (In Re Yellowstone Mountain Club, LLC)United States Bankruptcy Court, D. Montana · 2010
- J. A. Tobin Constr. Co. v. CommissionerUnited States Tax Court · 1985
27 more not listed; retrieve them via the Exa API.