Legal Opinion
Billy F. Hawk, Jr., GST Non-Exempt Marital Trust v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided May 15, 2019No. 18-1534PublishedCited by 5 opinions
1Opinion of the Court
SUTTON, Circuit Judge.
After Billy Hawk died in 2000, his wife Nancy Sue decided to sell the family bowling business, Holiday Bowl. With the help of lawyers and accountants, she made a deal with MidCoast, a company that claimed an interest in acquiring companies with corporate tax liabilities that it could set off against its net-operating losses. Holiday Bowl first sold its assets-bowling alleys-to Bowl New England, receiving $ 4.2 million in cash and generating about $ 1 million in federal taxes. After that, Nancy Sue and Billy's estate sold Holiday Bowl to MidCoast for about $ 3.4 million,…
2Cases cited18 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. SternSupreme Court of the United States · 1958
- Roth Steel Tube Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1986
- In Re AFI Holding, Inc.Court of Appeals for the Ninth Circuit · 2008
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3Cited by5 opinions
- Marshall v. PricewaterhouseCoopers, LLPCourt of Appeals of Oregon · 2021
- City of Pomona v. Sqm North America Corp.Court of Appeals for the Ninth Circuit · 2020
- In Re Estate of Billy Hawk, Jr. v. Chambliss Bahner & Stophel, P.C.Court of Appeals of Tennessee · 2024
- JRS Partners, GP v. WarrenDistrict Court, M.D. Tennessee · 2021
- Peter McGowan v. United StatesCourt of Appeals for the Sixth Circuit · 2025