Legal Opinion
Pierce Estates, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided April 8, 1952No. 10616_1PublishedCited by 32 opinions
1Opinion of the Court
MARIS, Circuit Judge.
This is a petition to review a decision of the Tax Court that certain interest, amounting to $56,156.94, paid by the taxpayer in 1946 on its debenture notes had accrued in prior years and was, the-) efore, not deductible in computing its taxable net income for that year. 16 T.C. 1020.
The taxpayer is a corporation formed in 1918 to hold and administer certain real and personal property of the estate of Dr. Ray Vaughn Pierce. Its books were kept on the accrual basis. In 1930 certain additional property of the stockholders was transferred to the taxpayer in exchange for 498…
2Cases cited11 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- United States v. AndersonSupreme Court of the United States · 1926
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Brown v. HelveringSupreme Court of the United States · 1934
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
6 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Herbert A. Dunn and Georgia E. Dunn v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1980
- Putoma Corp., Successor by Merger of Pro-Mac Company, Petitioners- Cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1979
- Guardian Investment Corporation v. Robert L. Phinney, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- Denver & R. G. W. R. Co. v. CommissionerUnited States Tax Court · 1959
- Fahs v. MartinCourt of Appeals for the Fifth Circuit · 1955
27 more not listed; retrieve them via the Exa API.