Home/Fifth Circuit/Harry K. Oliphint and Anna Leblanc Oliphint v. Commissioner of Internal Revenue

Harry K. Oliphint and Anna Leblanc Oliphint v. Commissioner of Internal Revenue

234 F.2d 699, 49 A.F.T.R. (P-H) 1489, 1956 U.S. App. LEXIS 5076
CourtCourt of Appeals for the Fifth Circuit
DecidedJune 15, 1956
Docket15923_1
StatusPublished
Cited by26 cases

This text of 234 F.2d 699 (Harry K. Oliphint and Anna Leblanc Oliphint v. Commissioner of Internal Revenue) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fifth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Harry K. Oliphint and Anna Leblanc Oliphint v. Commissioner of Internal Revenue, 234 F.2d 699, 49 A.F.T.R. (P-H) 1489, 1956 U.S. App. LEXIS 5076 (5th Cir. 1956).

Opinion

PER CURIAM.

This petition for review of the decision 1 of the Tax Court, that no non-business bad debt loss resulted from taxpayer’s dealing with their puppet family corporation. It attacks, as without basis in the record, the findings and conclusions of the Tax Court: that taxpayers’ evidence fails to overcome the presumption of correctness attached to the commissioner’s determination, that the eor-poration was a fiction and puppet for tax purposes and that the so-called sale to a member of the family to establish market value was a pretense and a sham.

We cannot agree. We are, on the contrary, of the clear opinion that, for the reasons stated in the opinion of the Tax Court, the decision was right and should be affirmed.

1

. 24 T.C. 744.

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Bluebook (online)
234 F.2d 699, 49 A.F.T.R. (P-H) 1489, 1956 U.S. App. LEXIS 5076, Counsel Stack Legal Research, https://law.counselstack.com/opinion/harry-k-oliphint-and-anna-leblanc-oliphint-v-commissioner-of-internal-ca5-1956.