Legal Opinion
Ross Michael Simon Trust v. United States
United States Court of Claims
Decided October 18, 1968No. 8-64PublishedCited by 5 opinions
1Opinion of the CourtNichols, Judge
Plaintiff, an inter vwos trust, brought this suit to recover federal income taxes in the amount of $6,780.50 and deficiency interest thereon of $542.44, totaling $7,322.94, which it paid for the calendar year 1961.
The taxpayer trust owned certain shares of stock in the K. E. Simon Construction Company (hereinafter sometimes referred to as the “Simon Company” or “KES”). At issue is the proper tax treatment of certain distributions to plaintiff from the Simon Company in 1961, when said corporation was liquidated. The basic question presented is whether the gain realized by plaintiff from the…
2Cases cited14 opinions
- Commissioner v. GordonSupreme Court of the United States · 1968
- J. E. Davant and Kathryn Davant v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. J. E. Davant and Kathryn DavantCourt of Appeals for the Fifth Circuit · 1966
- James Armour, Inc. v. CommissionerUnited States Tax Court · 1964
- Pridemark, Inc. v. CommissionerUnited States Tax Court · 1964
- Reef Corporation v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Reef CorporationCourt of Appeals for the Fifth Circuit · 1966
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3Cited by5 opinions
- Mitchelle v. United StatesUnited States Court of Claims · 1971
- Viereck v. United StatesUnited States Court of Claims · 1983
- FEC Liquidating Corp. v. United StatesUnited States Court of Claims · 1977
- Walter R. v. United StatesUnited States Court of Claims · 1971
- Willett v. United StatesUnited States Court of Claims · 1969