1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 234 F.Supp.
  5. 234 F.Supp. 681 (1964)
 

DuPONT v. UNITED STATES

Civ. A. No. 2538.

234 F.Supp. 681 (1964)

William DuPONT, Jr. and Margaret Osborne DuPont, Plaintiffs, v. UNITED STATES of America, Defendant.

United States District Court D. Delaware.

June 15, 1964.

Attorney(s) appearing for the Case

William S. Potter, and Converse Murdoch, of Berl, Potter & Anderson, Wilmington, Del., and Kenneth Gemmill, of Dechert, Price & Rhoads, Philadelphia, Pa., of counsel, for plaintiffs.

Alexander Greenfeld, U. S. Dist. Atty., William J. Wier, Jr., Asst. U. S. Dist. Atty., Wilmington, Del., and Louis F. Oberdorfer, Asst. Atty. Gen., C. Moxley Featherston, David A. Wilson, Jr., and Marvin J. Garbis, Department of Justice, Washington, D. C., for defendant.

STEEL, District Judge.

Plaintiffs, husband (hereinafter "taxpayer") and wife, filed a joint federal income tax return for 1960 and claimed as a deduction a $36,966.03 operating loss incurred in 1960 by Foxcatcher Livestock Company, a corporation, all of the stock of which was owned by taxpayer in 1960. Foxcatcher was a "small business corporation" (hereinafter "Sub-chapter S corporation"), as defined in 26 U.S.C. § 1371(a).

Sub-chapter S was added to...

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