Legal Opinion
John R. Thompson Co. v. United States
District Court, N.D. Illinois
Decided September 22, 1971No. 70 C 1373PublishedCited by 6 opinions
1Opinion of the Court
MEMORANDUM OPINION
WILL, District Judge.
This is an action to recover federal income taxes. The record in this case consists of the pleadings, a stipulation filed June 16, 1971, and the depositions of John R. Thompson and Theodore P. Parker submitted to the Court in lieu of a trial. The basic issue in this case is whether plaintiff sustained a loss which is deductible from ordinary income in computing its federal income tax under either Section 165 or Section 167 of the Internal Revenue Code. We find that plaintiff sustained no such deductible loss and, consequently, that it is entitled to no…
2Cases cited18 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Burnet v. HoustonSupreme Court of the United States · 1931
- United States v. Joseph G. LeaseCourt of Appeals for the Second Circuit · 1965
- W. B. Davis & Son, Inc. v. CommissionerUnited States Tax Court · 1945
- Ersel H. Beus and Anna Beus, W. J. Beus, and Leone Beus v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
13 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Alexis M. Hawkins and Rosemary K. Hawkins v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1983
- John R. Thompson Co. v. United StatesCourt of Appeals for the Seventh Circuit · 1973
- Associated Obstetricians & Gynecologists, P. C. v. CommissionerUnited States Tax Court · 1983
- Hawkins v. CommissionerUnited States Tax Court · 1982
- John R. Thompson Co. v. United StatesCourt of Appeals for the Seventh Circuit · 1973
1 more not listed; retrieve them via the Exa API.