1. Home
  2. Browse Decisions
  3. B.R.
  4. 121 B.R.
  5. 121 B.R. 346 (1990)
 

IN RE OLSON

No. C 89-4078.

121 B.R. 346 (1990)

In re Stanley N. OLSON and Margaret M. Olson, Debtors. Edward F. SAMORE, Trustee, Plaintiff-Appellee, v. Stanley N. OLSON, Margaret M. Olson, Winther, Stave and Company, Merlyn Winther, Defendants-Appellants, and Internal Revenue Service and Iowa Department of Revenue and Finance, Defendants-Appellees.

United States District Court, N.D. Iowa, W.D.

June 27, 1990.

Attorney(s) appearing for the Case

Christopher A. Bjornstad, Spencer, Iowa, for Olsons, Winther Co. and Winther.

George Madsen & Calvin Moss, Sioux City, Iowa, for Edward F. Samore.

Edward F. Samore, Sioux City, Iowa, Trustee.

A. Frank Baron, Sioux City, Iowa, amicus curiae.

Karen Osbore, Trial Atty., Tax Div., U.S. Dept. of Justice, Washington, D.C., for IRS.

Barbara E.B. Galloway, Des Moines, Iowa, for Iowa Dept. of Revenue and Finance.

ORDER

DONALD E. O'BRIEN, Chief Judge.

This bankruptcy appeal is before the court on the merits of the appeal. The parties have presented the court with a single issue: whether a trustee's abandonment of property is an event taxable to the bankruptcy estate, or to the debtors individually. The trustee, the Internal Revenue Service, and Iowa Department of Revenue and Finance have argued that the event is taxable to the debtors. The debtors, of course, seek...

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