Check how courts have cited this case. Use our free citator for the most current treatment.
No. 8884050
United States Court of Appeals for the Ninth Circuit
Margolis v. Commissioner
No. 8884050 · Decided November 30, 1964
No. 8884050·Ninth Circuit · 1964·
FlawFinder last updated this page Apr. 2, 2026
Case Details
Court
United States Court of Appeals for the Ninth Circuit
Decided
November 30, 1964
Citation
No. 8884050
Disposition
See opinion text.
Full Opinion
PER CURIAM. Petitioners, seeking rehearing, point out that in our opinion heretofore filed in this matter we have neglected to take into account, upon the Kearney Park transactions of sale of notes and land, the fact that petitioners had made certain advances to pay bonds and taxes due and that to the extent that the sums received by them in these transactions were attributable to reimbursement for such advances they should not be held to be income. The Commissioner concedes that this is correct. Accordingly it is held that of the sums received by petitioners from Kearney Park Trust No. 473 the sum of $7,615.50 is attributable to the reimbursement of advances and is not income; of the sums received by petitioners from Trust No. 482 the sum of $5,615 is likewise attributable to the reimbursement of advances and is not income. Upon the other grounds asserted by petitioners for rehearing, rehearing is denied. Mandate shall issue forthwith.
Plain English Summary
Petitioners, seeking rehearing, point out that in our opinion heretofore filed in this matter we have neglected to take into account, upon the Kearney Park transactions of sale of notes and land, the fact that petitioners had made certain a
Key Points
01Petitioners, seeking rehearing, point out that in our opinion heretofore filed in this matter we have neglected to take into account, upon the Kearney Park transactions of sale of notes and land, the fact that petitioners had made certain a
02Accordingly it is held that of the sums received by petitioners from Kearney Park Trust No.
03473 the sum of $7,615.50 is attributable to the reimbursement of advances and is not income; of the sums received by petitioners from Trust No.
04482 the sum of $5,615 is likewise attributable to the reimbursement of advances and is not income.
Frequently Asked Questions
Petitioners, seeking rehearing, point out that in our opinion heretofore filed in this matter we have neglected to take into account, upon the Kearney Park transactions of sale of notes and land, the fact that petitioners had made certain a
FlawCheck shows no negative treatment for Margolis v. Commissioner in the current circuit citation data.
This case was decided on November 30, 1964.
Use the citation No. 8884050 and verify it against the official reporter before filing.