Legal Opinion
First Federal Sav. & Loan Ass'n of Temple v. United States
District Court, W.D. Texas
Decided July 26, 1988No. Civ. A. W-86-CA-117PublishedCited by 7 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
WALTER S. SMITH, Jr., District Judge.
This cause came on for trial April 25, 1988, before the Court without a jury. Having considered the pleadings, evidence, and arguments of counsel, the Court enters the following findings of fact and conclusions of law.
I. Introduction
This case presents the relatively novel issue of the tax treatment to be given to “reciprocal mortgage sales” conducted pur suant to the Federal Home Loan Bank Board’s Memorandum R-49. The dispute concerns the deductibility of $3,715,132.00 in losses that Plaintiff, First Federal Savings and Loan of…
2Cases cited19 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Helvering v. HorstSupreme Court of the United States · 1940
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
14 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- San Antonio Savings Association and Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1989
- Cottage Savings Association v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1990
- First Federal Savings and Loan Association of Temple v. United StatesCourt of Appeals for the First Circuit · 1989
- In re Placid Oil Co.United States Bankruptcy Court, N.D. Texas · 1990
- Cottage Savings Assn. v. CommissionerSupreme Court of the United States · 1991
2 more not listed; retrieve them via the Exa API.