Legal Opinion
Smith v. Commissioner
Court of Appeals for the Fifth Circuit
Decided September 25, 1995No. 94-40709PublishedCited by 4 opinions
1Opinion of the Court
POLITZ, Chief Judge:
John C. and Jean P. Smith, husband and wife, appeal the judgment of the tax court determining a deficiency of $123,930 in their joint income tax for 1987. We affirm.
Background
In 1981 John Smith and Robert L. Bennett incorporated Smith-Bennett Properties, Inc. for the purchase and development of real estate. Three years later the corporation and several other investors formed a joint venture, Spicewood Springs Venture, to purchase and develop an 11.4 acre tract of undeveloped property. The venture purchased the tract from Austin Financial Corporation, a corporation owned by…
2Cases cited19 opinions
- Commissioner v. National Alfalfa Dehydrating & Milling Co.Supreme Court of the United States · 1974
- Putnam v. CommissionerSupreme Court of the United States · 1956
- Tarrant Savings Association v. Lucky Homes, Inc.Texas Supreme Court · 1965
- Mrs. Frania Tye Lee v. Ray Lee Hunt, of the Estate of H. L. Hunt v. Hugh S. HuntCourt of Appeals for the Fifth Circuit · 1980
- Estate of H. H. Weinert, Deceased, Jane W. Blumberg, and Hilda B. Weinert v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1961
14 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- United States v. BergbauerCourt of Appeals for the Fourth Circuit · 2010
- Berger v. CommissionerUnited States Tax Court · 1996
- In Re ColemanUnited States Bankruptcy Court, S.D. Mississippi · 2009
- United States v. ReyesDistrict Court, D. Massachusetts · 2006