Legal Opinion
Commissioner of Internal Revenue v. McKinney
Court of Appeals for the Tenth Circuit
Decided January 14, 1937No. 1415PublishedCited by 16 opinions
1Opinion of the Court
PHILLIPS, Circuit Judge.
This is a petition to review a decision of the Board of Tax Appeals redetermining the tax liability of respondent for the year 1927.
On May 23, 1924, respondent received possession of certain oil and-gas leases under a decree of distribution, as residuary legatee of the estate of John E. McKinney, who died on November 13, 1922.
On May 23, 1924, respondent transferred such leases to Johneda Oil Company in exchange for all of its capital stock.
The fair market value of the leases on November 13, 1922, adjusted by adding thereto the capital additions and deducting therefrom…
2Cases cited8 opinions
- Brewster v. GageSupreme Court of the United States · 1930
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Rich v. DonegheySupreme Court of Oklahoma · 1918
- Commissioner of Internal Revenue v. SansomeCourt of Appeals for the Second Circuit · 1932
- Hartley v. CommissionerSupreme Court of the United States · 1935
3 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- United States v. Stanolind Crude Oil Purchasing Co.Court of Appeals for the Tenth Circuit · 1940
- Pittsburgh Terminal Corp. v. CommissionerUnited States Tax Court · 1973
- Meeker v. Ambassador Oil Co.Court of Appeals for the Tenth Circuit · 1962
- Continental Casualty Co. v. ShankelCourt of Appeals for the Tenth Circuit · 1937
- Jones v. Tower Production Co.Court of Appeals for the Tenth Circuit · 1941
11 more not listed; retrieve them via the Exa API.