Legal Opinion
Exchange Security Bank v. United States
District Court, N.D. Alabama
Decided June 7, 1972No. Civ. A. 66-684-S, 68-389-SPublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OF OPINION
POINTER, District Judge.
These actions, consolidated for trial, have been brought under 28 U.S.C. § 1346(a) (1) for the refund of income taxes collected on the 1960 incomes of Ellen Gregg Ingalls (CA 66-684) and of the Estate of Robert I. Ingalls Sr., deceased (CA 68-389). 1 According to the assessments Mrs. Ingalls and her late husband’s estate realized income in 1960 to the extent of $44,942.14 and $188,532.83, respectively, from the cancellation in that year by Ingalls Iron Works Company of debts owed by them to the company. The cancellation is said to have arisen as an…
2Cases cited17 opinions
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Burnet v. HoustonSupreme Court of the United States · 1931
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
- Bowers v. Kerbaugh-Empire Co.Supreme Court of the United States · 1926
- Autenreith v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1940
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3Cited by3 opinions
- Prudential Securities, Inc. v. Haugland, Texas Court of Appeals, 8th District (El Paso)1998
- Marcaccio v. CommissionerUnited States Tax Court · 1995
- Koch Industries, Inc. and Subsidiaries v. United StatesDistrict Court, D. Kansas · 2008