Legal Opinion
Burnet v. Huff
Supreme Court of the United States
Decided February 6, 1933No. 58PublishedCited by 71 opinions
1Opinion of the CourtChief Justice Hughes
In computing net income for 1920, the respondents, R. E. Huff, and his wife, E. B. Huff (now deceased), sought deduction of a loss alleged to have been sustained in that year, in relation to community property, through the embezzlement of trust funds. The funds were held by a partnership of which R. E. Huff was a member and were embezzled by his copartner. The Commissioner disallowed the deduction, holding that as the funds were, not the property of the. petitioners, and they were not called upon to make good the amount embezzled until 1921,. they sustained no loss in 1920. The Board of Tax…
2Cases cited3 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Weiss v. WeinerSupreme Court of the United States · 1929
- Eckert v. BurnetSupreme Court of the United States · 1931
3Cited by71 opinions
- Higgins v. SmithSupreme Court of the United States · 1940
- United States v. Safety Car Heating & Lighting Co.Supreme Court of the United States · 1936
- H. Liebes & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
- Raynor v. CommissionerUnited States Tax Court · 1968
- Shoenberg v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1935
66 more not listed; retrieve them via the Exa API.