GREENE v. U.S.

No. 91, Docket 93-6016.

13 F.3d 577 (1994)

Leonard GREENE and Joyce Greene, Plaintiffs-Appellees, v. UNITED STATES of America, Defendant-Appellant.

United States Court of Appeals, Second Circuit.

Decided January 6, 1994.


Attorney(s) appearing for the Case

Robert Sadowski, Asst. U.S. Atty. for the Southern District of New York (Gabriel W. Gorenstein, Asst. U.S. Atty., Roger S. Hayes, U.S. Atty. for the Southern District of New York, of counsel), for defendant-appellant.

Sheldon H. Elsen, New York City (Melissa A. Cohen, Orans, Elsen & Lupert, New York City, Richard A. Sporn, Gerald & Lawrence Blumberg, New York City, of counsel), for plaintiffs-appellees.

Before: FEINBERG, CARDAMONE, and ALTIMARI, Circuit Judges.


CARDAMONE, Circuit Judge:

This appeal concerns the tax consequences arising from taxpayers' charitable donation of futures contracts while retaining the right to a portion of the income from the subsequent sale of the contracts by the charity. Its resolution requires us to revisit a line of cases beginning with Lucas v. Earl, 281 U.S. 111, 50 S.Ct. 241, 74 L.Ed. 731 (1930), and relied upon in Helvering v. Horst,

NEVER MISS A DECISION. START YOUR SUBSCRIPTION.

Uncompromising quality. Enduring impact.
Your support ensures a bright future for independent legal reporting.

As you are aware we have offered this as a free subscription over the past years and we have now made it a paid service.Look forward to your continued patronage.

GET STARTED


OR

Read it with your Leagle account.
Sign in to continue


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