Legal Opinion
Howard M. Reineman and Helen Reineman v. United States
Court of Appeals for the Seventh Circuit
Decided April 6, 1962No. 13460_1PublishedCited by 43 opinions
1Opinion of the Court
HASTINGS, Chief Judge.
This is an appeal by the Government from a judgment in the amount of $76,-052.60 with interest, entered in favor of plaintiffs 1 (.taxpayers) in a suit for refund of overpayment of personal federal income tax for the year 1954.
The case was tried to the court without-the intervention of a jury. The district, court sustained taxpayers’ claim that the-entire cost of six thoroughbred brood! mares over age ten purchased by taxpayers in November and December, 1954 for $102,608 was deductible in full in- the year of purchase, as depreciation “of property used in the trade or…
2Cases cited6 opinions
- United States of America, Plaintiff-Respondent v. Raymond A. O'COnnOrCourt of Appeals for the Second Circuit · 1956
- National Labor Relations Board v. Aurora City Lines, Inc.Court of Appeals for the Seventh Circuit · 1962
- Philip Mangone Co. v. United StatesUnited States Court of Claims · 1931
- McDonnell v. CommissionerUnited States Board of Tax Appeals · 1927
- Executors of the Estate of Barker v. CommissionerUnited States Board of Tax Appeals · 1928
1 more not listed; retrieve them via the Exa API.
3Cited by43 opinions
- United States v. William J. DawsonCourt of Appeals for the Second Circuit · 1969
- John Geurkink and Catherine Geurkink v. United StatesCourt of Appeals for the Seventh Circuit · 1965
- Collins v. CommissionerUnited States Tax Court · 1974
- Rife v. CommissionerUnited States Tax Court · 1964
- United States Holding Co. v. CommissionerUnited States Tax Court · 1965
38 more not listed; retrieve them via the Exa API.