Building Syndicate Co. v. United States

KILKENNY, District Judge.

This is an action by plaintiff to recover from defendant certain income taxes paid by plaintiff.

In 1927 certain real property in Portland, Oregon, was owned by Northwestern National Bank of Portland.1 Prior to June 21, 1927, Northwestern placed this property in the hands of a real estate broker for sale. Prior to that time, this broker had negotiated with George W. York & Company, Inc.2 of Cleveland, Ohio, relative to financing the sale of the property. These negotiations culminated in a commitment by York dated June 21, 1927. Building Syndicate,3 an Oregon…