Legal Opinion
O. B. M., Inc. v. Commissioner
Court of Appeals for the Second Circuit
Decided May 28, 1970No. 618, Docket 34134PublishedCited by 2 opinions
1Opinion of the Court
ANDERSON, Circuit Judge:
O.B.M., Inc., and its six individual shareholders appeal from decisions of the Tax Court, 52 T.C. 619 (1969), upholding the Commissioner of Internal Revenue’s determination of their liability for deficiencies based on the corporation’s failure to comply with the 12-month liquidation procedure of § 337(a) of the Internal Revenue Code of 1954, 26 U.S.C. § 337(a). We reverse.
O.B.M., Inc., is the current name of a New York corporation through which various members of the O’Brien and Mc-Allister families have engaged in marine dredging and transportation operations since…
2Cases cited6 opinions
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Burnet v. LoganSupreme Court of the United States · 1931
- United States v. Cumberland Public Service Co.Supreme Court of the United States · 1950
- Commissioner of Internal Revenue v. CarterCourt of Appeals for the Second Circuit · 1948
- Gerstle v. Gamble-Skogmo, Inc.District Court, E.D. New York · 1969
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3Cited by2 opinions
- O. B. M., Inc., Burton O'brien, Gerard M. McAllister Anthony J. McAllister James P. McAllister Roderick H. McAllister and Charles D. McAllister v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1970
- Snyder v. CommissionerUnited States Tax Court · 1981