Legal Opinion
Bruce v. United States
District Court, S.D. Texas
Decided February 2, 1966No. Civ. A. No. 65-H-30PublishedCited by 1 opinion
1Opinion of the Court
INGRAHAM, District Judge.
On January 15, 1965, plaintiff, Homer L. Bruce, filed suit against the United States of America for the refund of income taxes paid under protest by plaintiff for the years 1961, 1962 and 1963. Stipulations of fact were filed by the parties and plaintiff introduced additional evidence at a trial held on November 22, 1965. The question is whether plaintiff need pay income taxes on funds received by him from the Trinity Petroleum Trust prior to the time the total payments exceed his basis in the Trust. This court holds that plaintiff must pay income taxes, subject only…
2Cases cited8 opinions
- Burnet v. LoganSupreme Court of the United States · 1931
- Anderson v. HelveringSupreme Court of the United States · 1940
- Darby Investment Corporation v. Commissioner or Internal RevenueCourt of Appeals for the Sixth Circuit · 1963
- Earl A. Phillips and Dorothy M. Phillips v. William E. Frank, District Director of Internal RevenueCourt of Appeals for the Ninth Circuit · 1961
- Eleanor M. Willhoit and John D. Willhoit v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1962
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3Cited by1 opinion
- Homer L. Bruce v. United StatesCourt of Appeals for the Fifth Circuit · 1967