BAKER v. UNITED STATES

No. 20353.

460 F.2d 827 (1972)

Donald E. BAKER and Barbara M. Baker, Appellants, v. UNITED STATES of America, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided May 12, 1972.

Rehearing and Rehearing Denied June 23, 1972.


Attorney(s) appearing for the Case

Jerome B. Libin, Donald V. Moorehead, Sutherland, Asbill & Brennan, Washington, D. C., for appellants.

Ernest J. Brown, Atty., Dept. of Justice, Washington, D. C., Johnnie M. Walters, Asst. Atty. Gen., Meyer Rothwacks, Stephen H. Hutzelman, Attys., Dept. of Justice, Washington, D. C., for appellee; Richard A. Dier, U. S. Atty., of counsel.

Before GIBSON, LAY and BRIGHT, Circuit Judges.


Rehearing and Rehearing En Banc Denied June 23, 1972.

PER CURIAM.

The sole issue on appeal concerns the tax treatment of ordinary distributions to corporate shareholders when a corporation with no accumulated earnings has current earnings and profits that are insufficient to cover both ordinary distributions and selective redemption distributions paid out during the fiscal year. The question of first impression to be decided here is whether either distribution...

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