Legal Opinion
Foster v. United States
District Court, W.D. Missouri
Decided January 15, 1963No. 12155-1Published
1Opinion of the Court
JOHN W. OLIVER, District Judge.
This is an action for refund of income taxes. In compliance with our pre-trial orders, all facts were stipulated. The net operating loss carryback and carryover provisions of the Internal Revenue Code of 1939 are involved concerning the years, 1946, 1948 and 1949 for a loss suffered in 1947.
The stipulation of parties establishes that in the latter part of 1943 Dr. Faris became interested in a certain mining property located in Marion County, Arkansas. That property was known to contain zinc deposits and possibly lead, sulphur, and other minerals. Dr. Faris first…
2Cases cited10 opinions
- Burnet v. Niagara Falls Brewing Co.Supreme Court of the United States · 1931
- Lazier v. United StatesCourt of Appeals for the Eighth Circuit · 1948
- V. Loewers Gambrinus Brewery Co. v. AndersonSupreme Court of the United States · 1931
- Pettit v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1949
- 379 Madison Avenue v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1932
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