J. W. Youngblood v. United States
This text of 507 F.2d 1263 (J. W. Youngblood v. United States) 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.
Opinion
Taxpayers sought in 1967 to amend their 1963 income tax return so as to change from an installment basis for paying taxes on capital gains to a completed sales basis. After a full hearing, the district court agreed with the Internal Revenue Service that the 1963 election was binding on taxpayers. Cf. Pacific National Co. v. Welch, 1938, 304 U.S. 191, 194-195, 58 S.Ct. 857, 82 L.Ed. 1282.
The opinion of the district court is reported. Youngblood v. United States, W.D.Tex., 1974, 388 F.Supp. 152. We agree with the result reached in the district court and find it unnecessary to add to what was said in the opinion of that court.
Affirmed.
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507 F.2d 1263, Counsel Stack Legal Research, https://law.counselstack.com/opinion/j-w-youngblood-v-united-states-ca5-1975.