Legal Opinion
Charles P. Hasbrook and Marcia B. Hasbrook v. United States
Court of Appeals for the Second Circuit
Decided April 14, 1965No. 29351_1PublishedCited by 16 opinions
1Opinion of the Court
HAYS, Circuit Judge:
The taxpayer (Marcia B. Hasbrook is a party only because she and her husband filed a joint return) brought an action in the district court for refund of taxes for the year 1957 paid under a deficiency assessment of the Commissioner of Internal Revenue. The Commissioner claimed that $27,000 received by the taxpayer from one of two brother-sister corporations controlled by him, in exchange for 270 shares of preferred stock of the other corporation, was a corporate distribution “essentially equivalent to a dividend” under Sections 302(b) (1) and 304(a) (1) of the Internal…
2Cases cited7 opinions
- United States v. John H. FewellCourt of Appeals for the Fifth Circuit · 1958
- Eva D. Bradbury v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1962
- Thomas Kerr and Barbara Kerr v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1964
- Isidore Himmel and Estate of Lillian Himmel, Isidore Himmel v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1964
- Northup v. United StatesCourt of Appeals for the Second Circuit · 1957
2 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- United States v. DavisSupreme Court of the United States · 1970
- Benjamin v. CommissionerUnited States Tax Court · 1976
- David Metzger Trust v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1982
- Smith v. CommissionerUnited States Tax Court · 1978
- Miele v. CommissionerUnited States Tax Court · 1971
11 more not listed; retrieve them via the Exa API.