Legal Opinion
United Nat. Corporation v. Commissioner of Int. Rev.
Court of Appeals for the Ninth Circuit
Decided June 15, 1944No. 10556PublishedCited by 4 opinions
1Opinion of the Court
DENMAN, Circuit Judge.
This is a review of an order of the Tax Court determining a deficiency in income taxes of the petitioner, hereinafter called the taxpayer, for its fiscal tax year ending June 30, 1939. The claimed deficiency arose from a failure to return as gross income $15,291.75, distributed to taxpayer in the tax year by Murphey, Favre & Co., a corporation, hereinafter called the Murphey Co., having only common shares outstanding, of which taxpayer held all.1
The distribution of the $15,291.75 was incidental to a redemption of three-fourths of the Murphey Co.’s common stock owned by…
2Cases cited14 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Helvering v. R. J. Reynolds Tobacco Co.Supreme Court of the United States · 1939
- Commissioner of Internal Revenue v. SA Woods MacH. Co.Court of Appeals for the First Circuit · 1932
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3Cited by4 opinions
- Sid Luckman and Estelle Luckman v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1969
- Divine v. CommissionerUnited States Tax Court · 1972
- Caswell's Estate v. Commissioner of Internal Revenue (Two Cases)Court of Appeals for the Ninth Circuit · 1954
- Divine v. CommissionerUnited States Tax Court · 1972