Legal Opinion
Nebraska Seed Co. v. United States
United States Court of Claims
Decided December 1, 1953No. 50274PublishedCited by 8 opinions
1Opinion of the Court
WHITAKER, Judge.
The plaintiff, Nebraska Seed Company, in 1944 sold certain of its assets to the Yankton Realty Company and the Ralston Operating Company, payment to be made on the installment basis. Taxes on the income received on the installments were correctly reported by Nebraska Seed Company for each year thereafter to and including June 30, 1947.
One month later, on July 31, 1947, the Nebraska Seed Company transferred all of its assets to plaintiff, United Seeds, Inc., in return for shares of the capital stock of United Seeds, Inc. The Nebraska Seed Company then distributed this stock to…
2Cases cited4 opinions
- Portland Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1940
- Meagher v. CommissionerUnited States Board of Tax Appeals · 1930
- Wobbers, Inc. v. CommissionerUnited States Board of Tax Appeals · 1932
- Advance Aluminum Castings Corp. v. HarrisonCourt of Appeals for the Seventh Circuit · 1946
3Cited by8 opinions
- Smith v. CommissionerUnited States Tax Court · 1971
- Jack Ammann Photogrammetric Engineers, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1965
- Wilkinson v. CommissionerUnited States Tax Court · 1967
- Jack Ammann Photogrammetric Engineers, Inc. v. CommissionerUnited States Tax Court · 1962
- Smith v. Comm'rUnited States Tax Court · 1971
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