Legal Opinion
Jasper L. House, Jr., and Edra F. House v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided January 5, 1972No. 30640PublishedCited by 39 opinions
1Opinion of the Court
O’SULLIVAN, Senior Circuit Judge:
Petitioners-appellants, Jasper L. House and his wife, were the substantial owners of several small loan corporations doing business in Waco and other cities of Texas. 1 They appeal from a Tax Court decision which held that the involved several corporations had, in the tax years involved — 1963 and 1964 — lost their status as Small Business Corporations, thereby losing any entitlement to the tax benefits of Subchapter S of the Internal Revenue Code. By that Sub-chapter, any corporation which met the definition of a Small Business Corporation could elect not to…
2Cases cited8 opinions
- Knowlton v. MooreSupreme Court of the United States · 1900
- United States v. FisherSupreme Court of the United States · 1805
- United States v. PalmerSupreme Court of the United States · 1818
- Smythe v. FiskeSupreme Court of the United States · 1874
- Buhler Mortg. Co. v. CommissionerUnited States Tax Court · 1969
3 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Hudson United Bank v. Chase Manhattan Bank of Connecticut, N.A.Court of Appeals for the Third Circuit · 1994
- United States v. Paul H. "Bud" HolmesCourt of Appeals for the Fifth Circuit · 1987
- United States v. Wallace G. WallingtonCourt of Appeals for the Fifth Circuit · 1989
- Marshall v. CommissionerUnited States Tax Court · 1973
- Paul E. And Ruth v. Puckett v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1975
34 more not listed; retrieve them via the Exa API.