Legal Opinion
T. Ree McCoy Nancy McCoy v. United States of America, (Two Cases)
Court of Appeals for the Fourth Circuit
Decided October 7, 1986No. 85-1997(L), 86-3014PublishedCited by 6 opinions
1Opinion of the Court
HARRISON L. WINTER, Chief Judge:
Plaintiffs T. Ree McCoy and Nancy McCoy 1 appeal from the district court’s entry of summary judgment, denying them a refund of income taxes paid for the years 1978 and 1979. The McCoys had claimed that they were entitled to deductions for advance royalties paid in those years pursuant to mineral subleases entered into in 1978, but the district court ruled that, pursuant to the current version of Treasury Regulation (26 C.F.R.) § 1.612-3(b)(3), the McCoys were not entitled to the claimed deductions.
On appeal, the McCoys do not contest that the claimed deductions…
2Cases cited13 opinions
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
- United States v. CorrellSupreme Court of the United States · 1967
- Commissioner v. P. G. Lake, Inc.Supreme Court of the United States · 1958
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- United States v. Sheffield Bd. of Comm'rsSupreme Court of the United States · 1978
8 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Isaacs v. BowenCourt of Appeals for the Second Circuit · 1989
- Isaacs v. BowenCourt of Appeals for the Second Circuit · 1989
- United States v. Duke Energy Corp.Court of Appeals for the Fourth Circuit · 2005
- Com. of Mass. v. BowenDistrict Court, D. Massachusetts · 1988
- Clayton v. United StatesUnited States Court of Federal Claims · 1995
1 more not listed; retrieve them via the Exa API.