Legal Opinion
Long Poultry Farms, Incorporated v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided November 8, 1957No. 7458PublishedCited by 31 opinions
1Opinion of the Court
PARKER, Chief Judge.
This is a petition to review a decision of the Tax Court holding that a taxpayer on the accrual basis must report as taxable income a patronage refund credit allotted to it by an agricultural cooperative association. The taxpayer is the Long Poultry Farms, Inc., a poultry raiser of Newmarket, Virginia, which had been selling poultry to Rockingham Poultry Market, Inc., of Broadway, Vir ginia, in which taxpayer held eight shares of preferred stock. On April 1, 1953, the cooperative allotted a patronage credit of $6781.94 to taxpayer; and the question in the case is whether…
2Cases cited23 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
- Continental Tie & Lumber Co. v. United StatesSupreme Court of the United States · 1932
18 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Union Equity Cooperative Exchange v. CommissionerUnited States Tax Court · 1972
- John R. Hansen and Shirley G. Hansen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Texas Trailercoach, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- California and Hawaiian Sugar Refining Corporation, Limited v. The United StatesUnited States Court of Claims · 1962
- Farmers Cooperative Co. v. CommissionerUnited States Tax Court · 1959
26 more not listed; retrieve them via the Exa API.