Legal Opinion
Farrell v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided March 5, 1943No. 10303PublishedCited by 16 opinions
1Opinion of the Court
HOLMES, Circuit Judge.
The question for decision is whether the sum of $402,672.83, received by J. E. Farrell in 1936, was taxable to him as income of that year.
The money was paid to Farrell under these circumstances: In 1931 the taxpayer and his wife owned as community property an undivided one-half of a seven-eighths working interest in oil and gas leases covering lands in Gregg County, Texas. The lease interests were sold in that year, and a portion of the purchase price was payable to the assignors from the first one-fourth of the working interest. The value of the leases in 1931 was…
2Cases cited7 opinions
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Burnet v. LoganSupreme Court of the United States · 1931
- H. Liebes & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
- Commissioner of Internal Rev. v. Horseshoe L. SyndicateCourt of Appeals for the Fifth Circuit · 1940
- London-Butte Gold M. Co. v. Commissioner of Int. Rev.Court of Appeals for the Tenth Circuit · 1940
2 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Bouterie v. CommissionerCourt of Appeals for the Fifth Circuit · 1994
- United States v. Hancock Bank, Trustee of the Estate of Anna F. C. Martin, Hancock Bank, Trustee of the Estate of Anna F. C. Martin v. United StatesCourt of Appeals for the Fifth Circuit · 1968
- Parr v. Scofield, Collector of Internal RevenueCourt of Appeals for the Fifth Circuit · 1950
- Anthony's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1946
- McRitchie v. CommissionerUnited States Tax Court · 1956
11 more not listed; retrieve them via the Exa API.