Legal Opinion
United States v. Robert I. Ingalls, Jr. And Mrs. Jane S. Ingalls
Court of Appeals for the Fifth Circuit
Decided September 26, 1968No. 25150_1PublishedCited by 16 opinions
1Opinion of the Court
GRIFFIN B. BELL, Circuit Judge.
This appeal by the United States arises out of a suit by the appellee-taxpayer 1 for a refund of $180,959.85 in income taxes and interest paid for the year 1961. The District Court, after a non-jury trial, rendered judgment in favor of the taxpayer for the sums claimed. We reverse.
The question for decision is whether the compromise of taxpayer’s employment contract claim against the Ingalls Iron Works Company is legally effective to spread the proceeds of the compromise over a ten year period for income tax purposes. The proceeds of the compromise were payable…
2Cases cited8 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- H. O. Williams and Mrs. Ada L. Williams v. United StatesCourt of Appeals for the Fifth Circuit · 1955
- Reef Corporation v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Reef CorporationCourt of Appeals for the Fifth Circuit · 1966
- Bob Hindes and Wife, Dorothy Lee v. United StatesCourt of Appeals for the Fifth Circuit · 1964
3 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- James and Martha Kuper and Charles and Kathleen Kuper, Cross-Appellees v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Fifth Circuit · 1976
- John H. Rickey and Lorraine C. Rickey v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1974
- Rickey v. CommissionerUnited States Tax Court · 1970
- Goldsmith v. United StatesUnited States Court of Claims · 1978
- Republic Supply Co. v. CommissionerUnited States Tax Court · 1976
11 more not listed; retrieve them via the Exa API.