Leonard Hyatt and Maudie Hyatt v. Commissioner of Internal Revenue
325 F.2d 715
Court of Appeals for the Fifth Circuit·Decided January 31, 1964·No. 20503_1·Published·Cited by 11 cases
Opinion
This case presents a factual situation indistinguishable for the purposes of the controlling legal principle from our deci *716 sion in United States v. Eidson, (5th Cir. 1962) 310 F.2d 111. It follows that the decision of the Tax Court, that amounts received by the taxpayers upon assignment of their rights under a general agency contract for a Texas statewide mutual assessment life insurance company were taxable as ordinary income, was correct, and that it should be and is affirmed.
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Leonard Hyatt and Maudie Hyatt v. Commissioner of Internal Revenue, 325 F.2d 715 (5th Cir. 1964).
325 F.2d 715 (Leonard Hyatt and Maudie Hyatt v. Commissioner of Internal Revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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