1. Home
  2. Browse Decisions
  3. F.2d
  4. 372 F.2d
  5. 372 F.2d 240 (1967)
 

BABCOCK v. PHILLIPS

No. 8603.

372 F.2d 240 (1967)

R. A. BABCOCK and Norma L. Babcock, Appellants, v. V. Lee PHILLIPS, Appellee.

United States Court of Appeals Tenth Circuit.

January 27, 1967.

Attorney(s) appearing for the Case

Gene W. Reardon, Denver, Colo., for appellants.

Donald W. Williamson, Jr., Atty., Dept. of Justice, Washington, D. C. (Lawrence M. Henry, U. S. Atty., David I. Shedroff, Asst. U. S. Atty., Mitchell Rogovin, Asst. Atty. Gen., Lee A. Jackson and Harry Baum, Attys., Dept. of Justice, on the brief), for appellee.

Before MURRAH, Chief Judge, and HILL and HICKEY, Circuit Judges.

HICKEY, Circuit Judge.

The sole issue to be determined on this review is whether funds distributed to appellants1 were taxable as ordinary income or as long term capital gain. The trial court determined that the transactions which made the distribution available constituted a corporate reorganization which did not qualify all of the distribution for capital gain treatment. The appellants contend the distribution was made pursuant to a...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases