Legal Opinion
Hugh N. Mills and Jane W. Mills v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided September 3, 1968No. 11825_1PublishedCited by 49 opinions
1Opinion of the Court
BUTZNER, Circuit Judge:
Hugh N. Mills and Jane W. Mills 1 seek review of a decision of the tax court which found a deficiency in their 1961 income tax. 2 Two issues are involved. The first is whether the tax court correctly held that the taxpayer realized ordinary income, and not long-term capital gain, on the sale of stock options and stock. The second issue is whether $1,450 of unexplained bank deposits should be included in the taxpayer’s income. On both issues we affirm the tax court’s decision for the commissioner.
I
The taxpayer organized Mountaineer Fire & Casualty Insurance Company in…
2Cases cited16 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Helvering v. GowranSupreme Court of the United States · 1937
- Commissioner v. LoBueSupreme Court of the United States · 1956
- Helvering v. Tex-Penn Oil Co.Supreme Court of the United States · 1937
- Commissioner v. SmithSupreme Court of the United States · 1945
11 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Estate of Mason v. CommissionerUnited States Tax Court · 1975
- Estate of Horvath v. CommissionerUnited States Tax Court · 1973
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
- Mary Ruark v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1971
- Pagel, Inc. v. CommissionerUnited States Tax Court · 1988
44 more not listed; retrieve them via the Exa API.