Legal Opinion
S. Nicholas Jacobs and Dolores I. Jacobs v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided June 28, 1955No. 14374PublishedCited by 71 opinions
1Opinion of the Court
DENMAN, Chief Judge.
Petitioners, husband and wife filing joint returns, seek a review of the Tax Court’s findings,and decision of the income tax liability of petitioners for the year 1948. Since all the pertinent transactions were by 'the husband he is hereafter called petitioner.
The Tax Court found that at all pertinent times petitioner was in the business of holding and selling land.
On April 1, 1948, petitioner transferred certain land to a corporation known as Hollywood Subdivision, Inc., hereafter Subdivision, in exchange for 1,750 shares of $100 par value stock. The land was the sole…
2Cases cited8 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- United States v. Cumberland Public Service Co.Supreme Court of the United States · 1950
- Pacific National Co. v. WelchSupreme Court of the United States · 1938
- United States v. EversmanCourt of Appeals for the Sixth Circuit · 1943
3 more not listed; retrieve them via the Exa API.
3Cited by71 opinions
- Pollack v. CommissionerUnited States Tax Court · 1966
- Reaver v. CommissionerUnited States Tax Court · 1964
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- James and Martha Kuper and Charles and Kathleen Kuper, Cross-Appellees v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Fifth Circuit · 1976
- Packard v. CommissionerUnited States Tax Court · 1985
66 more not listed; retrieve them via the Exa API.