Legal Opinion
Arthur v. Morgan and Dorothy O. Morgan v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided March 15, 1960No. 15898PublishedCited by 16 opinions
1Per curiam
This is an appeal from the Tax Court (26 U.S.C. § 7482) where the determination of a deficiency made by the Commissioner of Internal Revenue for 1950 was upheld on review (Int.Rev.Code of 1939, § 272, 26 U.S.C.A. § 272).
Taxpayer Arthur V. Morgan was a member of a partnership engaged in the used car business which kept its books on an accrual basis and sold large numbers of cars under conditional sales contracts. These contracts assigned to a bank provided that the purchasers agreed to pay the “Contract Balance” (which included the “time price differential” made up of interest and finance…
2Cases cited9 opinions
- Commissioner v. HansenSupreme Court of the United States · 1959
- Blaine Johnson and His Wife, Evelyn K. Johnson v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1956
- John R. Hansen and Shirley G. Hansen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Texas Trailercoach, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- J. H. Schaeffer, Jr., and Opal R. Schaeffer v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1958
4 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Gunderson Bros. Engineering Corp. v. CommissionerUnited States Tax Court · 1964
- Luhring Motor Co. v. CommissionerUnited States Tax Court · 1964
- Federated Dep't Stores, Inc. v. CommissionerUnited States Tax Court · 1968
- General Gas Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1961
- E. E. R. Shapiro and Rubye Shapiro v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1961
11 more not listed; retrieve them via the Exa API.