Legal Opinion
Boomhower v. United States
District Court, N.D. Iowa
Decided December 23, 1947No. Civ. 329PublishedCited by 69 opinions
1Opinion of the Court
GRAVEN, District Judge.
Case involving question as to whether profit made by a lawyer from the sale of lots is taxable as ordinary income resulting from the conducting of a real estate business. The plaintiff, Leslie R. Boomhower, in this action seeks ..to recover additional income tax assessments made upon him for the years of 1941- and 1943 and paid by him under protest. The transactions involved are sales of lots of land owned by the plaintiff which he claims brought him only profits gained from the conversion of capital assets and are hence taxable only as defined in 26 U.S.C.A.…
2Cases cited45 opinions
- Burnet v. HarmelSupreme Court of the United States · 1932
- Higgins v. CommissionerSupreme Court of the United States · 1941
- Commissioner v. Scottish American Investment Co.Supreme Court of the United States · 1945
- Snell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Fahs v. CrawfordCourt of Appeals for the Fifth Circuit · 1947
40 more not listed; retrieve them via the Exa API.
3Cited by69 opinions
- Thrift v. CommissionerUnited States Tax Court · 1950
- Louis Greenspon v. Commissioner of Internal Revenue, (Three Cases). Anna Greenspon v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1956
- Eline Realty Co. v. CommissionerUnited States Tax Court · 1960
- Hoover v. CommissionerUnited States Tax Court · 1959
- Ayling v. CommissionerUnited States Tax Court · 1959
64 more not listed; retrieve them via the Exa API.