Legal Opinion
Baker Commodities, Inc., a California Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided October 7, 1969No. 23019PublishedCited by 41 opinions
1Opinion of the Court
JAMES M. CARTER, Circuit Judge:
This is an appeal from a decision of the Tax Court, 48 T.C. 374 (1967), in which the appellant corporation was denied a stepped up basis for assets acquired from the liquidation of three subsidiary corporations, i.e. that appellant was not entitled to use as its basis for the assets received from the subsidiary corporations in liquidation, the same amount that was paid for the stock of these corporations, but that it must use as its basis for the assets received, the same basis they had in the hands of the subsidiary corporations before liquidation. The Tax…
2Cases cited9 opinions
- Foxman v. CommissionerUnited States Tax Court · 1964
- Emmette L. Barran and Martha Barran v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1964
- Baker Commodities, Inc. v. CommissionerUnited States Tax Court · 1967
- Hatch's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1952
- J. Milton Sorem and Wanda M. Sorem v. Commissioner of Internal Revenue, R. W. Boogaart and Margaret Boogaart v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1964
4 more not listed; retrieve them via the Exa API.
3Cited by41 opinions
- Dunn v. CommissionerUnited States Tax Court · 1978
- Foster v. Comm'rUnited States Tax Court · 1983
- Mennuto v. CommissionerUnited States Tax Court · 1971
- Georgia-Pacific Corp. v. CommissionerUnited States Tax Court · 1975
- Neubecker v. CommissionerUnited States Tax Court · 1975
36 more not listed; retrieve them via the Exa API.