Beretta v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
1Opinion of the Court
WALLER, Circuit Judge.
The taxpayer was a stockholder in the Laredo Bridge Company, a Texas corporation, which owned and operated a toll bridge across the Rio Grande River between the cities of Laredo, Texas, and Nuevo Laredo, Mexico. As of March 31, 1922, the capital stock of the company was $250,000, with a surplus in excess of $259,-000. In April, 1922, the capital stock of the company was increased to $500,000 by the declaration of a 100% stock dividend to the stockholders of record. The par value of the shares was $100. The stock dividend was treated as a non-taxable transaction, by which…
Also in this document: Dissent.
2Cases cited8 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Kennemer v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Holmby Corporation v. Commissioner of Internal Rev.Court of Appeals for the Ninth Circuit · 1936
- Bynum v. CommissionerCourt of Appeals for the Fifth Circuit · 1940
3 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- United States v. Lesoine United States v. MarcusCourt of Appeals for the Ninth Circuit · 1953
- Kind v. CommissionerUnited States Tax Court · 1970
- Deutsch v. CommissionerUnited States Tax Court · 1962
- Baan v. CommissionerUnited States Tax Court · 1969
- United States v. Charles KavanaghCourt of Appeals for the Eighth Circuit · 1962
17 more not listed; retrieve them via the Exa API.