Legal Opinion
Eleanor A. Bradford v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided May 22, 1956No. 12550PublishedCited by 27 opinions
1Opinion of the Court
STEWART, Circuit Judge.
The question here is whether the petitioner realized $50,000 income in 1946 when her liability upon a note for $100,-000 was discharged for $50,000.
In 1938 the petitioner’s husband owed a Nashville bank approximately $305,000. The debt had grown out of investment banking ventures he had engaged in prior to the depression. He had pledged most of his assets to the bank as collateral, but the greater part of the indebtedness was unsecured. The brokerage firm of which he was a member held a seat on the New York Stock Exchange. In October of 1938 the Exchange adopted a rule…
2Cases cited21 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Commissioner v. JacobsonSupreme Court of the United States · 1949
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
16 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Putoma Corp. v. CommissionerUnited States Tax Court · 1976
- Santa Anita Consol., Inc. v. CommissionerUnited States Tax Court · 1968
- Harold Wener v. Commissioner of Internal Revenue, Molly Wener v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1957
- Title Insurance. Co. v. State Board of EqualizationCalifornia Supreme Court · 1992
- David & Louise Zarin v. Commissioner of Internal Revenue. Appeal of David Zarin and Louise ZarinCourt of Appeals for the Third Circuit · 1990
22 more not listed; retrieve them via the Exa API.