Legal Opinion
Krapf v. United States
United States Court of Claims
Decided July 20, 1989No. 187-85TPublishedCited by 6 opinions
1Opinion of the Court
*753OPINION
SMITH, Chief Judge.
This case concerns a tax refund claim of $211,646.81 in tax and assessed interest for the taxable years beginning 1976 through 1979. The dispute arises over the fair market value of 26,000 shares of common stock in Mechtron Industries, Inc. (Mechtron), claimed as charitable deductions of $260,-000.00 by plaintiffs under I.R.C. § 170(a) (1954). It is the opinion of this court, based upon evidence heard at trial and argument in post-trials briefs, that plaintiffs are not entitled to the full amount of the claimed refund. However, for the reasons set forth below, the…
2Cases cited37 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Helvering v. TaylorSupreme Court of the United States · 1935
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- United States v. CartwrightSupreme Court of the United States · 1973
- Lewis v. ReynoldsSupreme Court of the United States · 1932
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3Cited by6 opinions
- Mega Construction Co. v. United StatesUnited States Court of Federal Claims · 1993
- Lawson Mardon Wheaton, Inc. v. SmithSupreme Court of New Jersey · 1999
- Frederick G. Krapf, Jr., and June B. Krapf v. The United StatesCourt of Appeals for the Federal Circuit · 1992
- Hearst Corp. v. United StatesUnited States Court of Federal Claims · 1993
- Abruzzo v. United StatesUnited States Court of Claims · 1990
1 more not listed; retrieve them via the Exa API.