Opinion · Court of Appeals for the Fifth Circuit
Leonard Hyatt and Maudie Hyatt v. Commissioner of Internal Revenue
Leonard Hyatt & Maudie Hyatt v. Comm’r of Internal Revenue, 325 F.2d 715 (5th Cir. 1964)
- Type
- Opinion
- Court
- Court of Appeals for the Fifth Circuit
- Jurisdiction
- Federal
- Date
- 1964-01-31
- Topic
- general
PER CURIAM. 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.
Citator
UpLaw has not yet analyzed Leonard Hyatt and Maudie Hyatt v. Commissioner of Internal Revenue. The absence of a flag is not a finding that it is good law.
- Cited by
- 11 opinions
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.