Legal Opinion
Jack H. Vestal and Mary S. Vestal v. United States of America, John T. Daniel and Thase F. Daniel v. United States
Court of Appeals for the Eighth Circuit
Decided June 12, 1974No. 73-1588, 73-1589PublishedCited by 12 opinions
1Opinion of the Court
BRIGHT, Circuit Judge.
In 1962, cash basis-taxpayer Jack H. Vestal1 obtained contract rights to receive in the future a fractional share of a partnership in a Canadian oil and gas field development in return for' services rendered to certain of the limited partners in an oil development partnership, Olds, Ltd. The oil and gas rights were subsequently sold, and Vestal received installments of $8,143.81 in 1964, $129,984.39 in 1965, and $1,602.15 in 1966 in satisfaction of his contract rights to obtain a partnership share of the oil and gas field. On his income tax returns for each of those…
2Cases cited19 opinions
- Burnet v. LoganSupreme Court of the United States · 1931
- Woodward v. CommissionerSupreme Court of the United States · 1970
- Helvering v. WinmillSupreme Court of the United States · 1938
- Mallinckrodt v. CommissionerUnited States Tax Court · 1943
- Estate of Craig M. Smith, Deceased, Ruth E. Smith v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
14 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Brountas v. CommissionerUnited States Tax Court · 1979
- Nicolazzi v. CommissionerUnited States Tax Court · 1982
- Union Mutual Life Insurance v. United StatesDistrict Court, D. Maine · 1976
- Brnilovich v. CommissionerUnited States Tax Court · 1989
- Brountas v. CommissionerUnited States Tax Court · 1979
7 more not listed; retrieve them via the Exa API.