Legal Opinion
William J. Mathis and Margaret Mathis v. United States
Court of Appeals for the Seventh Circuit
Decided August 6, 1970No. 17682_1PublishedCited by 5 opinions
1Opinion of the Court
KERNER, Circuit Judge.
Plaintiffs-appellees filed an action for refund in the district court for taxes paid upon incorporation of a “Subchap-ter R Corporation” under Section 351 of the Internal Revenue Code of 1954. The district court granted judgment for the plaintiffs and the government appeals.
Taxpayer, William J. Mathis, owned and operated George E. Mathis & Son, a metal fabricating company, as a sole proprietorship from April 6, 1952, to September 30, 1954. On October 1, 1954, Mathis incorporated his company by transferring all the assets of his proprietorship to G. E. Mathis & Company,…
2Cases cited7 opinions
- Jud Plumbing & Heating, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1946
- Standard Paving Co. v. Commissioner of Internal Revenue. Standard Paving Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1951
- Estate Of J. O. Willett, DeceasedCourt of Appeals for the Fifth Circuit · 1966
- Estate of Wein v. CommissionerUnited States Tax Court · 1963
- Estate of David Wein, Deceased, and Estate of Edith Wein, Deceased, Sidney Wein v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1964
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3Cited by5 opinions
- Edward J. Prescott and Wanda D. Prescott v. Commissioner of Internal Revenue, L. W. Simpson and Shirley Simpson v. United StatesCourt of Appeals for the Eighth Circuit · 1977
- Prescott v. CommissionerUnited States Tax Court · 1976
- O'Dowd v. CommissionerUnited States Tax Court · 1976
- Prescott v. CommissionerUnited States Tax Court · 1976
- Simpson v. United StatesDistrict Court, S.D. Iowa · 1976