Legal Opinion
Harold G. Williams v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided January 12, 1961No. 18159_1PublishedCited by 7 opinions
1Opinion of the Court
WISDOM, Circuit Judge.
This tax case is before us for the second time. On the first appeal, we held that a certain tankship was a capital asset and that the appellant here, Williams, realized capital gain from the sale of the tanker. Williams bought the vessel, partially completed, more than six months before the sale. The vessel was enlarged and completed less than six months before the sale. We remanded the case to the Tax Court to allocate the taxpayer’s profit between long-term and short-term capital gain. 1 Commissioner of Internal Revenue v. Williams, 5 Cir., 1958, 256 F. 2d 152. On…
2Cases cited8 opinions
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Commissioner v. Southwest Exploration Co.Supreme Court of the United States · 1956
- Commissioner v. SmithSupreme Court of the United States · 1945
- Hazeltine Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1937
- Paul v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1953
3 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- William M. Reese and Catholeen Reese v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1980
- Waterman Steamship Corporation v. United StatesDistrict Court, S.D. Alabama · 1962
- Arthur F. Brook and Ruth T. Brook v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Wire-O Binding Company, Inc.Court of Appeals for the Second Circuit · 1966
- Thomas v. CommissionerUnited States Tax Court · 1981
- Orchard v. CommissionerUnited States Tax Court · 1975
2 more not listed; retrieve them via the Exa API.