Legal Opinion
Olga K. Audano and B. Randol Hardwick v. United States
Court of Appeals for the Fifth Circuit
Decided June 26, 1970No. 28306_1PublishedCited by 31 opinions
1Opinion of the Court
AINSWORTH, Circuit Judge:
In this case we are required to determine the proper tax treatment of certain payments made by a medical partnership of which taxpayer 1 was a member to three trusts set up by taxpayer for the benefit of his children. These payments were made as rent for the use of medical, surgical, and other equipment used in the partnership business, which equipment taxpayer had transferred to the trusts and which the partnership then leased, and ultimately acquired, from the trusts. This equipment comprised the assets of the trusts. Principally at issue here is whether, under the…
2Cases cited17 opinions
- The Boeing Company v. Daniel C. ShipmanCourt of Appeals for the Fifth Circuit · 1969
- Helvering v. CliffordSupreme Court of the United States · 1940
- Pacific Grains, Inc., an Oregon Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1968
- Furman v. CommissionerUnited States Tax Court · 1966
- Irvine K. Furman and Lorena K. Furman v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1967
12 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Markosian v. CommissionerUnited States Tax Court · 1980
- Professional Services v. CommissionerUnited States Tax Court · 1982
- B. Forman Co. v. CommissionerCourt of Appeals for the Second Circuit · 1972
- C. P. And Helen Brooke v. United StatesCourt of Appeals for the Ninth Circuit · 1972
- Carey J. Perry and Marietta M. Perry v. United States of America, J. Doyle Medders and Constance D. Medders v. United StatesCourt of Appeals for the Fourth Circuit · 1975
26 more not listed; retrieve them via the Exa API.