Legal Opinion
Nicholas Picchione v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided March 12, 1971No. 7771_1PublishedCited by 29 opinions
1Opinion of the Court
ALDRICH, Chief Judge.
This is an appeal by a husband and wife from a decision of the Tax Court, 54 T.C. 1490. For simplicity we eliminate some of the background facts, and omit further mention of the wife.
Sometime before 1945 taxpayer devised a new bookkeeping record called the Dome Simplified Weekly Record Book. In 1946 the book was copyrighted and sold to a corporation owned by him in return for monthly payments equal to 20% of the gross selling price of all books sold until October 1, 1973. In 1952 the right to future payments was transferred to a trust. The trustee was directed to…
2Cases cited8 opinions
- Brushaber v. Union Pacific RailroadSupreme Court of the United States · 1916
- Brewster v. GageSupreme Court of the United States · 1930
- Welch v. HenrySupreme Court of the United States · 1938
- Claridge Apartments Co. v. CommissionerSupreme Court of the United States · 1944
- United States v. HudsonSupreme Court of the United States · 1937
3 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Buttke v. CommissionerUnited States Tax Court · 1979
- Michael J. Mostowy and Josephine Mostowy v. The United StatesCourt of Appeals for the Federal Circuit · 1992
- National Realty & Investment Co. v. Department of RevenueAppellate Court of Illinois · 1986
- Tiedemann v. JohnsonSupreme Judicial Court of Maine · 1974
- Shangri-La, Inc. v. StateSupreme Court of New Hampshire · 1973
24 more not listed; retrieve them via the Exa API.