Legal Opinion
Carl G. Ortmayer and Hilda B. Ortmayer, Husband and Wife v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided April 15, 1959No. 12202_1PublishedCited by 28 opinions
1Opinion of the Court
HASTINGS, Circuit Judge.
This petition for review of a decision of the Tax Court of the United States involves deficiencies of approximately $50,000 assessed against taxpayers, Carl G. and Hilda B. Ortmayer, for the year 1948. 1 It was found by the Tax Court that taxpayers had received taxable income through a distribution of debentures to them by the Cunningham-Ortmayer Company on July 2, 1948 and, further, that Carl G. Ortmayer had received taxable income in a second transaction on the same day in which his debts to that company were canceled.
Taxpayer 2 has been an- officer of the…
2Cases cited20 opinions
- Bogardus v. CommissionerSupreme Court of the United States · 1937
- Helvering v. Tex-Penn Oil Co.Supreme Court of the United States · 1937
- Benjamin D. And Madeline Prentice Gilbert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Helvering v. RankinSupreme Court of the United States · 1935
- Vicksburg & Meridian Railroad v. O'BrienSupreme Court of the United States · 1886
15 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Ernest J. Saviano and Margaret Saviano v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1985
- American Processing and Sales Company v. The United StatesUnited States Court of Claims · 1967
- Graf v. CommissionerUnited States Tax Court · 1983
- Los Angeles Shipbuilding & Drydock Corporation v. United States of America, United States of America v. Los Angeles Shipbuilding & Drydock CorporationCourt of Appeals for the Ninth Circuit · 1961
- Thomas Kerr and Barbara Kerr v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1964
23 more not listed; retrieve them via the Exa API.