Legal Opinion
Iowa Southern Utilities Company v. The United States
United States Court of Claims
Decided July 16, 1965No. 398-60PublishedCited by 10 opinions
1Opinion of the Court
DURFEE, Judge.
This action for refund of Federal income taxes is brought on the ground that plaintiff is entitled to a bad debt deduction for the calendar year 1953 (or in the alternative for 1954) for the uncollected portion of a judgment obtained by plaintiff.
Plaintiff, a Delaware corporation, was an electrical and gas public utility company doing business in the State of Iowa. In 1952, in a derivative action brought by certain stockholders in behalf of the company, the Supreme Court of Iowa found that from 1923 to 1939 the principal officers of the company, George M. Bechtel, Harold R.…
2Cases cited32 opinions
- United States v. Safety Car Heating & Lighting Co.Supreme Court of the United States · 1936
- Ethel West Cotnam v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1959
- Burnet v. HuffSupreme Court of the United States · 1933
- Bingham v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1939
- Shiman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1932
27 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Riss v. CommissionerUnited States Tax Court · 1971
- Ridge Realization Corp. v. CommissionerUnited States Tax Court · 1966
- Shirley S. Imeson v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1973
- Fred G. Meyer and Bessie Meyer, Cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1977
- Johnson v. CommissionerUnited States Tax Court · 1991
5 more not listed; retrieve them via the Exa API.