Edgewood Country Club, a Corporation v. United States
This text of 310 F.2d 379 (Edgewood Country Club, a Corporation v. United States) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fourth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
This is an appeal from a judgment of the District Court determining that the cost of certain shares of stock constituted an initiation fee and was, therefore, subject to the federal excise tax on initiation fees under Section 4241(a) (2) of The Internal Revenue Code of 1954 (26 U.S.C. 1958 ed., Sec. 4241(a) (2)).
The judgment of the court below is affirmed for the reasons set forth in the able opinion of Judge Watkins. Edge-wood Country Club v. United States, 204 F.Supp. 508 (S.D.West Va., 1962).
Affirmed.
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310 F.2d 379, 11 A.F.T.R.2d (RIA) 1925, Counsel Stack Legal Research, https://law.counselstack.com/opinion/edgewood-country-club-a-corporation-v-united-states-ca4-1962.