Legal Opinion
Casco Bank & Trust Co. v. United States
Court of Appeals for the First Circuit
Decided September 21, 1976No. 76-1051PublishedCited by 26 opinions
1Opinion of the Court
LEVIN H. CAMPBELL, Circuit Judge.
Plaintiffs, executors of the estate of William A. Preston, Jr., brought this action for a refund of $57,431.57 in tax and interest assessed against Preston by the Commissioner for the calendar years 1968 and 1971. 1 At issue are deductions claimed by the taxpayer for a business bad debt and for a loss on the worthlessness of § 1244 corporate stock. On the business bad debt question, a jury found for plaintiffs but a judgment n. o. v. was subsequently entered for the Commissioner by the district court. The § 1244 stock issue was heard on cross-motions for…
2Cases cited13 opinions
- John Kelley Co. v. CommissionerSupreme Court of the United States · 1946
- Putnam v. CommissionerSupreme Court of the United States · 1956
- In the Matter of Uneco, Inc., Bankrupt. United States of America v. Uneco, Inc.Court of Appeals for the Eighth Circuit · 1976
- Santa Anita Consol., Inc. v. CommissionerUnited States Tax Court · 1968
- Plantation Patterns, Incorporated v. Commissioner of Internal Revenue, John S. Jemison, Jr. And Marie S. Jemison v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1972
8 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Estate of Leavitt v. CommissionerUnited States Tax Court · 1988
- In Re James A. Lane, Bankrupt. Frances B. Lane and James M. Gaines, as Trustee of the Bankrupt Estate of James A. Lane v. United StatesCourt of Appeals for the Eleventh Circuit · 1984
- Estate of Leavitt v. CommissionerCourt of Appeals for the Fourth Circuit · 1989
- Kavich v. United StatesDistrict Court, D. Nebraska · 1981
- K & R Service Co., Inc. v. United StatesDistrict Court, D. Massachusetts · 1983
21 more not listed; retrieve them via the Exa API.