Legal Opinion
Aqualane Shores, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided September 11, 1959No. 17605PublishedCited by 57 opinions
1Opinion of the Court
JONES, Circuit Judge.
The Messrs. Walker, father and two sons, were landscaping and grading contractors as a partnership in the name of Walker Construction Company. In May of 1949 the partners acquired approximately 175 acres of land at Naples, Florida, at a price of something more than $69,000. Purchase money mortgages were given for a substantial portion of the price. In December of 1949 the Walkers caused the taxpayer, Aqualane Shores, Inc., to be incorporated under the laws of Florida. On January 10, 1950, the organization meeting of the incor-porators was held. Ten shares of stock were…
2Cases cited5 opinions
- John v. Rowan v. United StatesCourt of Appeals for the Fifth Circuit · 1955
- Sun Properties, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1955
- Camp Wolters Enterprises, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1956
- Aqualane Shores, Inc. v. CommissionerUnited States Tax Court · 1958
- Camp Wolters Enterprises, Inc. v. CommissionerUnited States Tax Court · 1954
3Cited by57 opinions
- Estate of Travis Mixon, Jr. v. United StatesCourt of Appeals for the Fifth Circuit · 1972
- United States v. Simon W. Henderson, Jr., Independent for the Estate of Louise R. Henderson, DeceasedCourt of Appeals for the Fifth Circuit · 1967
- Montclair, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1963
- Baker Commodities, Inc. v. CommissionerUnited States Tax Court · 1967
- J. S. Biritz Construction Co. v. Commissioner of Internal Revenue, Joseph S. Biritz and Dorothy Biritz v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1967
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