Legal Opinion
Lucile H. Meyer v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Leon R. Meyer
Court of Appeals for the Eighth Circuit
Decided October 6, 1967No. 18531_1PublishedCited by 36 opinions
1Opinion of the Court
BLACKMUN, Circuit Judge.
Section 395 of the Bankruptcy Act, as amended, 11 U.S.C. § 795, is part of Chapter 11 relating to Arrangements. It provides (with exceptions not applicable here) that no taxable income shall be deemed to have been realized by a debtor by reason of a modification or cancellation of indebtedness in a Chapter 11 proceeding. 1 This rule, of course, is repeated in the income tax regulations. Treas.Regs. § 1.61-12(b) (1) (ii). For the corporation-debtor-taxpayer which has had an Arrangement confirmed under Chapter 11, this is all probably clear enough.
What, however, is the…
2Cases cited21 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Commissioner v. JacobsonSupreme Court of the United States · 1949
- Helvering v. American Dental Co.Supreme Court of the United States · 1943
16 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Dellacroce v. CommissionerUnited States Tax Court · 1984
- Hoeme v. CommissionerUnited States Tax Court · 1974
- Estate of Goodall v. CommissionerCourt of Appeals for the Eighth Circuit · 1968
- Guest v. CommissionerUnited States Tax Court · 1981
- Wilmot Fleming Engineering Co. v. CommissionerUnited States Tax Court · 1976
31 more not listed; retrieve them via the Exa API.