Legal Opinion
Stephens, Inc., and Cross-Appellant v. United States of America, and Cross-Appellee
Court of Appeals for the Eighth Circuit
Decided August 22, 1972No. 71-1571 and 71-1586PublishedCited by 15 opinions
1Opinion of the Court
LAY, Circuit Judge.
This is an appeal arising out of a judgment in the sum of $576,424.63 in favor of the taxpayer in a suit for refund of taxes. The focal issue turns on whether the claim of the taxpayer, Stephens, Incorporated, that it was acting as a securities dealer when handling the stocks of five separate corporations, is correct. The district court held that as to four of these corporate stocks — Hollis & Company, V. E. Schevenell, Incorporated, Tuf-Nut Company and Public Utilities Company of Crossett, Arkansas —the taxpayer qualified as a “dealer,” thus enabling it to claim certain…
2Cases cited42 opinions
- Commissioner v. GordonSupreme Court of the United States · 1968
- J. E. Davant and Kathryn Davant v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. J. E. Davant and Kathryn DavantCourt of Appeals for the Fifth Circuit · 1966
- American Bantam Car Co. v. CommissionerUnited States Tax Court · 1948
- Lewis v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1949
- Stern Bros. & Co. v. CommissionerUnited States Tax Court · 1951
37 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Laureys v. CommissionerUnited States Tax Court · 1989
- McDonald's of Zion, 432, Ill., Inc. v. CommissionerUnited States Tax Court · 1981
- Dunn Trust v. CommissionerUnited States Tax Court · 1986
- Arkansas Best Corp. v. CommissionerCourt of Appeals for the Eighth Circuit · 1986
- Mid City Bank, Inc. v. Douglas County Board of EqualizationNebraska Supreme Court · 2000
10 more not listed; retrieve them via the Exa API.