Legal Opinion
Simons-Eastern Company v. United States
District Court, N.D. Georgia
Decided December 21, 1972No. Civ. A. 15081PublishedCited by 10 opinions
1Opinion of the Court
SIDNEY O. SMITH, Jr., Chief Judge.
This is a suit brought by the taxpayer to recover' the sum of $232,659.29 as sessed by the government as accumulated earnings taxes under Section 531 of the Internal Revenue Code of 1954 (26 U.S.C. § 531) for the fiscal years ending January 31, 1966, 1967 and 1968. The statutes in question provide:
“IMPOSITION OF ACCUMULATED EARNINGS TAX.
In addition to other taxes imposed by this chapter, there is hereby imposed for each taxable year on the accumulated taxable income (as defined in section 535) of every corporation described in section 532, an accumulated…
2Cases cited16 opinions
- United States v. Donruss Co.Supreme Court of the United States · 1969
- Barrow Manufacturing Company, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1961
- Sterling Distributors, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1963
- Battelstein Investment Company v. United StatesCourt of Appeals for the Fifth Circuit · 1971
- Phillip B. Hardin v. United States of America, Hardin's Bakeries Corporation v. United States of America, (Two Cases)Court of Appeals for the Fifth Circuit · 1972
11 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Branerton Corp. v. CommissionerUnited States Tax Court · 1975
- P. T. & L. Constr. Co. v. CommissionerUnited States Tax Court · 1974
- Central Motor Co. v. United StatesCourt of Appeals for the Tenth Circuit · 1978
- Firstco, Inc. v. United StatesDistrict Court, S.D. Mississippi · 1977
- Myron's Ballroom v. United StatesDistrict Court, C.D. California · 1974
5 more not listed; retrieve them via the Exa API.