Legal Opinion
Palo Alto Town & Country Village, Inc. v. Commissioner
Court of Appeals for the Ninth Circuit
Decided December 19, 1977No. 74-2585PublishedCited by 39 opinions
1Opinion of the Court
SCHNACKE, District Judge:
This is an appeal by Palo Alto Town & Country Village, Inc. (hereinafter, “Palo Alto”); Ronald Williams, its president at the relevant times; and the latter’s wife, Ann, from a Tax Court decision determining that Palo Alto owed $149,332.82 in income taxes for 1963-68 and that the Wil-liamses owed $39,181.33 in income taxes for 1963-67.
I. Cost Basis of Land
In 1959, the Williamses acquired two contiguous parcels of 9 and 42 acres, in several transactions. In the transaction here under scrutiny, the 9 acres and a lh interest in the 42 acres were purchased at stated sales…
2Cases cited4 opinions
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- United States v. John William Gotcher Et Ux.Court of Appeals for the Fifth Circuit · 1968
- Ray H. Schulz and Doris L. Schulz v. Commissioner of Internal Revenue, John W. Schulz and Lucille Schulz v. Commissioner of Internal Revenue, Melvin F. Klagues and Pauline Klagues v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Stanley C. Landen and Victoria M. LandenCourt of Appeals for the Ninth Circuit · 1961
- Harlan E. Baxter and Imogene Baxter v. Commissioner of Internal Revenue, Lovell J. Proby and Eva M. Proby v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1970
3Cited by39 opinions
- Falsetti v. CommissionerUnited States Tax Court · 1985
- Meridian Wood Products Co., Inc., a Corporation v. United States of America, Harry F. Lenton and Colleen Lenton v. United StatesCourt of Appeals for the Ninth Circuit · 1984
- Wisconsin Psychiatric Services, Ltd. v. CommissionerUnited States Tax Court · 1981
- P.R. Farms, Inc. v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1987
- Proctor v. CommissionerUnited States Tax Court · 1981
34 more not listed; retrieve them via the Exa API.