Publications

September 1984 (Revised July 2005)
Case

Higgins v. Commissioner

By: Henry B. Reiling

Discusses the issue of whether an activity is a trade or business. The Court held that the taxpayer's very substantial stock and bond portfolio management activities were not a trade or business, whereas the taxpayer's real estate activities did constitute a trade or... View Details

Keywords: Taxation; Courts and Trials; Investment Portfolio; Property; United States

June 1984 (Revised July 2005)
Case

Commissioner v. Duberstein

By: Henry B. Reiling

In two cases consolidated for decision, the Court articulates the tests to be used when deciding whether an item is income or a gift and therefore, not income. Both cases are colorful. The first involves the unsolicited receipt of a Cadillac. The second involves... View Details

Keywords: Law Enforcement; Decisions; Taxation

March 1984 (Revised October 2005)
Case

James vs. United States

By: Henry B. Reiling

The U.S. Supreme Court reconsiders two basically inconsistent prior Supreme Court decisions, overrules one and states that illegally acquired income must be reported. View Details

Keywords: Courts and Trials; Crime and Corruption; Judgments; Taxation; Public Administration Industry; United States

April 1984 (Revised January 1988)
Case

United States vs. Lewis

By: Henry B. Reiling

January 1984 (Revised March 1990)
Case

Elliotts, Inc. vs. Commissioner

By: Henry B. Reiling

Keywords: Courts and Trials

July 1982 (Revised August 2006)
Background Note

Tax Factors in Business Combinations

By: Henry B. Reiling

Discusses the theory and rules governing the taxation of business combinations (mergers and acquisitions). Related information from state corporate law, federal securities law, accounting, and finance is also provided. A rewritten version of an earlier note. View Details

Keywords: Taxation; Mergers and Acquisitions; Law

Spring 1970
Article

EPS Growth from Financial Packaging: An Accounting Incentive in Acquisitions

By: Henry B. Reiling

Keywords: Accounting; Acquisition; Finance; Growth and Development

January 1998
Case

Meinhard v. Salmon: Court of Appeals of New York (1928)

By: Henry B. Reiling

Meinhard and Salmon were joint venturers who had a 20-year lease on the Hotel Bristol in New York City. Salmon was the managing party. Four months before the lease was to end, the owner approached Salmon and offered to lease all the property, of which the Bristol was... View Details

Keywords: Lawsuits and Litigation; Joint Ventures; Partners and Partnerships; Decisions; Asset Pricing; Leasing; New York (city, NY)

November 1991 (Revised February 1993)
Case

Shall We Soak the Rich?

By: Henry B. Reiling

Keywords: Taxation

September 1991
Teaching Note

Sonja M. Thompson, Teaching Note

By: Henry B. Reiling

March 1988
Teaching Note

Morrissey vs. Commissioner, Teaching Note

By: Henry B. Reiling

Keywords: Lawsuits and Litigation

December 1984 (Revised July 2005)
Case

Burnet vs. Logan

By: Henry B. Reiling

The taxpayer sold mining company stocks and was to be paid royalty as ore was extracted from the corporation's mine. Because the factual issues of whether ore would be extracted and, if so, how much and when were so indeterminate, the court held that the contract right... View Details

Keywords: Taxation; Law Enforcement; Asset Management; Valuation; Policy; Mining Industry