Legal Opinion
Valley Loan Association v. United States
District Court, D. Colorado
Decided September 22, 1966No. Civ. A. 9410PublishedCited by 11 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
OLIN HATFIELD CHILSON, District Judge.
This is an action for the refund of corporate federal income taxes assessed upon the plaintiff corporation and paid by it for the years 1960,1961 and 1962.
The plaintiff claims exemption from corporate income taxes for the years in question under subchapter S of the 1954 Internal Revenue Code (§§ 1371-1377).
Subchapter S of the 1954 Internal Revenue Code (§§ 1371 and 1377) was enacted
“to permit shareholders in small- business corporations, in lieu of payment of the corporate tax, to elect to be taxed directly on the corporation’s…
2Cases cited1 opinion
- Commissioner of Internal Revenue v. NetcherCourt of Appeals for the Seventh Circuit · 1944
3Cited by11 opinions
- Jasper L. House, Jr., and Edra F. House v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1972
- Buhler Mortg. Co. v. CommissionerUnited States Tax Court · 1969
- Marshall v. CommissionerUnited States Tax Court · 1973
- I. J. Marshall and Claribel Marshall v. Commissioner of Internal Revenue, Flora H. Miller v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1975
- Zychinski v. CommissionerCourt of Appeals for the Eighth Circuit · 1974
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