Legal Opinion
Frederick G. Krapf, Jr., and June B. Krapf v. The United States
Court of Appeals for the Federal Circuit
Decided October 22, 1992No. 91-5068PublishedCited by 20 opinions
1Opinion of the Court
NIES, Chief Judge.
The United States appeals from the United States Claims Court judgment in Krapf v. United States, 17 Cl.Ct. 750 (1989), which held that 26,000 shares of stock in Mechtron Industries, Inc. (Mechtron), donated to the University of Delaware (the University) by Frederick G. Krapf, Jr., on September 2, 1976, had a value of $112,840 ($4.34 per share) at the time of donation. We reverse and remand.
BACKGROUND
On September 2, 1976, Frederick Krapf donated 26,000 shares of Mechtron common stock to the University. On their joint income tax returns for the next four years, the Krapfs…
2Cases cited11 opinions
- Fehrs v. United StatesUnited States Court of Claims · 1980
- Powers v. CommissionerSupreme Court of the United States · 1941
- David H. Orth and Barbara A. Orth v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1987
- Louis F. Grill and Joan Myers Grill, and Joan Myers (Formerly Joan Selznick) v. The United States. Florence A. Selznick v. The United StatesUnited States Court of Claims · 1962
- Estate of D.D. Palmer, Deceased, Richard L. Braunstein and Davenport Bank & Trust Co., Executors and A.H. Palmer v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1988
6 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Estate of Jung v. CommissionerUnited States Tax Court · 1993
- Lawson Mardon Wheaton, Inc. v. SmithSupreme Court of New Jersey · 1999
- Kraft, Inc. v. United StatesUnited States Court of Federal Claims · 1994
- Leo J. Polack v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 2004
- Okerlund v. United StatesUnited States Court of Federal Claims · 2002
15 more not listed; retrieve them via the Exa API.