1. Home
  2. Browse Decisions
  3. F.2d
  4. 867 F.2d
  5. 867 F.2d 883 (1989)
 

MURPHREE v. U.S.

No. 88-1321.

867 F.2d 883 (1989)

Hobert E. MURPHREE and Maureen Murphree, Plaintiffs-Appellants, v. UNITED STATES of America, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

March 15, 1989.

Attorney(s) appearing for the Case

Howard A. Weinberger, Dallas, Tex., for plaintiffs-appellants.

Kenneth W. Rosenberg, Gary R. Allen, Chief Appellate Section Tax Div., Dept. of Justice, Wm. S. Rose, Asst. Atty. Gen., David I. Pincus, Washington, D.C., for U.S.

Before REAVLEY, WILLIAMS and JONES, Circuit Judges.

EDITH H. JONES, Circuit Judge:

At issue is whether the Murphrees are entitled to a loss deduction from their income taxes upon the return of misappropriated funds to their closely held company. The district court ruled that the loss deduction was not available because the Murphrees were under no legal obligation to return the misappropriated funds. Concluding that the Murphrees had an obligation to return the funds to the...

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