Legal Opinion
Redwood Empire Savings & Loan Association v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided October 7, 1980No. 78-1775PublishedCited by 28 opinions
1Opinion of the Court
WALLACE, Circuit Judge:
Taxpayer Redwood Empire Savings & Loan Association (Redwood) appeals from several adverse rulings of the United States Tax Court. Redwood contends that the Tax Court erred in upholding the conclusion of the Commissioner of Internal Revenue (Commissioner) that Redwood could not deduct from its taxes certain losses and payments as ordinary business expenses under the Internal Revenue Code. We affirm.
This case arises from Redwood’s purchase and sale of property known as the Malibu Springs Ranch (Malibu Springs). Redwood purchased Malibu Springs in 1967 for $750,-000 and…
2Cases cited19 opinions
- Singleton v. WulffSupreme Court of the United States · 1976
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Murphy Oil Co. v. BurnetSupreme Court of the United States · 1932
- United States v. Floyd Julius Patrin, Sr., United States of America v. Barbara PatrinCourt of Appeals for the Ninth Circuit · 1978
14 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Ditunno v. CommissionerUnited States Tax Court · 1983
- William D. Little v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1997
- Cottle v. CommissionerUnited States Tax Court · 1987
- Wellpoint, Inc. v. CommissionerCourt of Appeals for the Seventh Circuit · 2010
- Keller Street Development Company v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1982
23 more not listed; retrieve them via the Exa API.