Legal Opinion
Jacquelynn Dorrance v. United States
Court of Appeals for the Ninth Circuit
Decided December 30, 2015No. 13-16548, 13-16635PublishedCited by 4 opinions
1Opinion of the Court
Opinion by Judge MCKEOWN. Dissent by Judge MILAN D. SMITH, Jr.
*481OPINION
McKEOWN, Circuit Judge:
This appeal requires us to “return to the very basics of tax law” and consider whether taxpayers had a cost basis in assets that they later sold, but for which they paid nothing. Washington Mut. Inc. v. United States, 636 F.3d 1207, 1217 (9th Cir.2011). The specific question we address is whether a life insurance policyholder has any basis in a mutual life insurance company’s membership rights. This issue, one of first impression in our circuit, arises out of a trend in the late 1990s and early 2000s…
2Cases cited13 opinions
- Burnet v. HoustonSupreme Court of the United States · 1931
- Manning v. Seeley Tube & Box Co.Supreme Court of the United States · 1950
- Penn Mutual Life Insurance v. LedererSupreme Court of the United States · 1920
- Susan J. Mayors v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1986
- Better Beverages, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1980
8 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Maple Med., LLP v. ScottAppellate Division of the Supreme Court of the State of New York · 2020
- Schoch v. Lake Champlain OB-GYN, P.C.Appellate Division of the Supreme Court of the State of New York · 2020
- Aracely Marinelarena v. Jefferson SessionsCourt of Appeals for the Ninth Circuit · 2017
- Columbia Memorial Hospital v.Marcel E. Hinds , Kim E. Schoch v. Lake Champlain OB-GYN, Maple Medical v. Joseph Scott (And Five Related Appeals)New York Court of Appeals · 2022