Legal Opinion
Helvering v. Williams
Court of Appeals for the Eighth Circuit
Decided July 5, 1938No. 11079, 11080PublishedCited by 9 opinions
1Opinion of the Court
THOMAS, Circuit Judge.
These cases raise the single question of whether taxpayers who exchanged certain shares of stock for other stock in 1929 and failed to report in that year as income the difference between the cost of the shares exchanged and the market value of the shares received, are precluded, in determining the gain on the sale of the stock in 1930, from using as a basis the market value of the stock when received in 1929. The Board of Tax Appeals decided that the taxpayers were not so precluded, and the Commissioner of Internal Revenue is here for review of that decision.
The two…
2Cases cited14 opinions
- Palmer v. CommissionerSupreme Court of the United States · 1937
- Helvering v. SalvageSupreme Court of the United States · 1936
- Wiese v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1938
- Alamo Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Salvage v. CommissionerCourt of Appeals for the Second Circuit · 1935
9 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Joyce v. GentschCourt of Appeals for the Sixth Circuit · 1944
- The Crosley Corporation v. United StatesCourt of Appeals for the Sixth Circuit · 1956
- Commissioner of Internal Revenue v. Mellon. Commissioner of Internal Revenue v. ScaifeCourt of Appeals for the Third Circuit · 1950
- Commissioner of Internal Revenue v. American Light & Traction Co.Court of Appeals for the Seventh Circuit · 1942
- Steiden Stores, Inc. v. GlennDistrict Court, W.D. Kentucky · 1950
4 more not listed; retrieve them via the Exa API.