Legal Opinion
A. H. Kelson and Nyla C. Kelson v. United States
Court of Appeals for the Tenth Circuit
Decided September 23, 1974No. 73-1914PublishedCited by 47 opinions
1Opinion of the Court
BREITENSTEIN, Circuit Judge.
This is an income tax case for the refund of taxes paid in 1964, and concerns the carryback of losses incurred in 1966 on the worthlessness of corporate stock and in 1967 on the worthlessness of corporate notes. The issues are the applicability of the statute of limitations to the corporate stock loss claim and the determination of the deductibility of the note loss as an ordinary business loss rather than a capital loss. The district court gave the plaintiff taxpayer judgment for $135,476.65 against the United States. We reverse.
Plaintiff-appellee A. H. Kelson,…
2Cases cited14 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Zenith Radio Corp. v. Hazeltine Research, Inc.Supreme Court of the United States · 1969
- Whipple v. CommissionerSupreme Court of the United States · 1963
- United States v. El Paso Natural Gas Co.Supreme Court of the United States · 1964
- United States v. GeneresSupreme Court of the United States · 1972
9 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
- State Distributors, Inc. v. Glenmore Distilleries Company and Foreign Vintages, Inc.Court of Appeals for the Tenth Circuit · 1984
- Rice Researchers, Inc. v. HiterMississippi Supreme Court · 1987
- Milgo Electronic Corporation, a Florida Corporation v. United Business Communications, Inc., a Kansas Corporation, DefendantCourt of Appeals for the Tenth Circuit · 1980
- G. M. Leasing Corp. v. The United States of America, George I. Norman, Iii, IntervenorCourt of Appeals for the Tenth Circuit · 1975
- William N. Harsha and Barbara J. Harsha v. United StatesCourt of Appeals for the Tenth Circuit · 1979
42 more not listed; retrieve them via the Exa API.