Legal Opinion
Wilson v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided March 26, 1935No. 1138, 1139PublishedCited by 5 opinions
1Opinion of the Court
BRATTON, Circuit Judge.
The question submitted for decision in these cases is whether petitioners were entitled to inventory unsold securities at the end of the calendar year 1929 in computing their net income for that year.
Petitioners were connected with Otis & Co. of Denver, Colo., throughout the year. That firm, hereinafter called the company, was engaged in the brokerage business and sold certain issues of unlisted stocks which it had underwritten, notably Continental Shares. Arthur was salesman and head of the sales department and became a partner in the company in July. Wilson was a…
2Cases cited14 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Weiss v. WeinerSupreme Court of the United States · 1929
- Lucas v. Kansas City Structural Steel Co.Supreme Court of the United States · 1930
- Avery v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1927
- Randolph v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1935
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3Cited by5 opinions
- Estate of Harry M. Liggett, Deceased Lucille W. Liggett, and Lucille W. Liggett v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1954
- Wood v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1952
- Lauriston Inv. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
- Walker v. CommissionerCourt of Appeals for the Sixth Circuit · 1944
- Trading Associates Corp. v. MagruderCourt of Appeals for the Fourth Circuit · 1940