Legal Opinion
Amelia J. Taylor v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided July 14, 1958No. 24823_1PublishedCited by 31 opinions
1Opinion of the Court
LUMBARD, Circuit Judge.
Petitioner seeks review of a determination by the Tax Court of a $101,-694.83 deficiency in her income tax for the calendar year 1947. She contends that the Tax Court erred in taxing her on the profits in 1947 from commodity trading accounts which she maintained in the names of three relatives, and, in the alternative, it should have permitted a credit for taxes paid by two of the relatives on the same profits.
Petitioner, on the death of her husband in 1945, received his entire estate as his sole distributee and thereafter became an active and successful trader on the…
2Cases cited18 opinions
- Commissioner v. SunnenSupreme Court of the United States · 1948
- Lucas v. EarlSupreme Court of the United States · 1930
- Helvering v. HorstSupreme Court of the United States · 1940
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Beaver v. . BeaverNew York Court of Appeals · 1889
13 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Commissioner v. McCoySupreme Court of the United States · 1987
- Thomas Worcester v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1966
- Lone Manor Farms, Inc. v. CommissionerUnited States Tax Court · 1974
- Paul F. Belloff v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1993
- Likins-Foster Honolulu Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1969
26 more not listed; retrieve them via the Exa API.