1. Home
  2. Browse Decisions
  3. U.S.
  4. 303 U.S.
  5. 303 U.S. 118 (1938)
 

FOSTER v. UNITED STATES

No. 189.

303 U.S. 118 (1938)

58 S.Ct. 424

82 L.Ed. 700

FOSTER ET AL., EXECUTORS, v. UNITED STATES.

Supreme Court of United States.

Decided January 31, 1938.

Attorney(s) appearing for the Case

Mr. William P. McCool argued the cause, and Messrs. R. Kemp Slaughter, Hugh C. Bickford, and C. Clifton Owens were on the brief, for petitioners.

Mr. Arnold Raum, with whom Solicitor General Reed, Assistant Attorney General Morris, and Messrs. Sewall Key and George H. Foster were on the brief, for the United States.

MR. JUSTICE BLACK delivered the opinion of the Court.

Petitioners' right (as executors) to an income tax refund depends upon whether a dividend paid by the Foster Lumber Company in 1930 is tax exempt as representing corporate earnings accumulated before March 1, 1913. This dividend is taxable under the Revenue Act of 19281 if paid from earnings accumulated after 1913. The Court of Claims found...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

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