Legal Opinion
Finance & Guaranty Co. v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided June 17, 1931No. 3144PublishedCited by 17 opinions
1Opinion of the Court
NORTHCOTT, Circuit Judge.
This is a petition to review a decision of the United States Board of Tax Appeals (reported in 19 B. T. A. 1313), and involves income and profits taxes for the year 1920 in the amount of $10,833.73.
The taxpayer, a Delaware corporation, with its principal office at Baltimore, Md., is a finance company given broad powers under its charter, enabling it, in addition to its financing business, to “buy, sell, exchange, hold and own * * * personal property of any kind whatsoever.” A subsidiary of the petitioner, known as the Finance Trust, was organized, and through this…
2Cases cited7 opinions
- Lucas v. Kansas City Structural Steel Co.Supreme Court of the United States · 1930
- Work v. United States Ex Rel. RivesSupreme Court of the United States · 1925
- Williamsport Wire Rope Co. v. United StatesSupreme Court of the United States · 1928
- Silberschein v. United StatesSupreme Court of the United States · 1924
- Ross v. DaySupreme Court of the United States · 1914
2 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Photo-Sonics, Inc. v. CommissionerUnited States Tax Court · 1964
- Thor Power Tool Co. v. CommissionerUnited States Tax Court · 1975
- All-Steel Equipment, Inc. v. CommissionerUnited States Tax Court · 1970
- Commissioner of Internal Revenue v. Joseph E. Seagram & Sons, Inc.Court of Appeals for the Second Circuit · 1968
- Island Petroleum Co. v. Commissioner of Internal Rev.Court of Appeals for the Fourth Circuit · 1932
12 more not listed; retrieve them via the Exa API.