Legal Opinion
Edwin W. Hudspeth and Maxine G. Hudspeth v. United States
Court of Appeals for the Eighth Circuit
Decided December 21, 1972No. 72-1106PublishedCited by 46 opinions
1Opinion of the Court
LARAMORE, Senior Judge.
This appeal presents the question of whether the taxpayer was entitled to exclude from his gross income the liquidation dividends on stock which he donated to various tax-exempt organizations before actual payments of proceeds were received but after the shareholders had fully adopted a plan of complete liquidation and the corporation had sold its principal assets.
The taxpayer, Edwin W. Hudspeth, 1 owned 81.5 percent (815 of 1,000 shares outstanding) of Maginn-Martin-Salisbury, Inc. (hereinafter “MMS”), a Missouri corporation which operated a mortgage banking business…
2Cases cited14 opinions
- Commissioner v. SunnenSupreme Court of the United States · 1948
- Lucas v. EarlSupreme Court of the United States · 1930
- Helvering v. HorstSupreme Court of the United States · 1940
- Corliss v. BowersSupreme Court of the United States · 1930
- Blair v. CommissionerSupreme Court of the United States · 1937
9 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- Rauenhorst v. Comm'rUnited States Tax Court · 2002
- Palmer v. CommissionerUnited States Tax Court · 1974
- John P. Kinsey and Edith B. Kinsey v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1973
- S. C. Johnson & Son, Inc. v. CommissionerUnited States Tax Court · 1975
- Virginia K. Jones v. United StatesCourt of Appeals for the Sixth Circuit · 1976
41 more not listed; retrieve them via the Exa API.