Legal Opinion
In the Matter of Uneco, Inc., Bankrupt. United States of America v. Uneco, Inc.
Court of Appeals for the Eighth Circuit
Decided April 21, 1976No. 75-1201PublishedCited by 73 opinions
1Opinion of the Court
WEBSTER, Circuit Judge.
In the bankruptcy proceeding below, the referee allowed a federal claim for income taxes against the bankrupt, Uneco, Inc., in the amount of $191,745.08. The basis of the government’s claim was the disallowance of certain bad debt deductions for 1968, 1969, and 1970 which produced an income tax deficiency for 1969. The Internal Revenue Service claimed that certain advances made by Uneco to three affiliated corporations constituted contributions to capital and were not loans, and therefore that Uneco could not properly take bad debt deductions pursuant to Section 166 of…
2Cases cited12 opinions
- A. R. Lantz Co., Inc. v. United StatesCourt of Appeals for the Ninth Circuit · 1970
- Jean C. Tyler and Dolly Ann Tyler v. Laurie W. Tomlinson, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1969
- Charter Wire, Inc. v. United StatesCourt of Appeals for the Seventh Circuit · 1962
- Road Materials, Inc. v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Road Materials, Inc.Court of Appeals for the Fourth Circuit · 1969
- Cuyuna Realty Company v. The United StatesUnited States Court of Claims · 1967
7 more not listed; retrieve them via the Exa API.
3Cited by73 opinions
- Raleigh v. Illinois Department of RevenueSupreme Court of the United States · 2000
- Roth Steel Tube Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1986
- Haag v. CommissionerUnited States Tax Court · 1987
- In Re Landbank Equity Corporation, a Virginia Corporation, Debtor. Internal Revenue Service v. Laurence H. Levy, Trustee, Debera F. ConlonCourt of Appeals for the Fourth Circuit · 1992
- In Re PremoUnited States Bankruptcy Court, E.D. Michigan · 1990
68 more not listed; retrieve them via the Exa API.