UNION TRUST CO., FORMER EXECUTOR,

v.

COMMISSIONER OF INTERNAL REVENUE

Citator

Cited By (14 total)

• Hillsboro Nat'l Bank v. Commissioner of Internal Revenue, 460 U.S. 370 (U.S. 1983)
  …s have long required the [*379] taxpayer to recognize the repayment in the second year as income. See, e. g., Estate of Block v. Commissioner, 39 B. T. A. 338 (1939), aff’d sub nom. Union Trust Co. v. Commissioner, 111 F. 2d 60 (CA7), cert. denied, 311 U. S. 658 (1940); South Dakota Concrete Products Co. v. Commissioner [*380], 26 B. T. A. 1429 (1932); Plumb, The Tax Benefit Rule Today, 57 Harv. L. Rev., 129, 176, 178, and n. 172 (1943) (hereinafter Plumb).12 [*381] The taxpayers and the Government in the…
• Alice Phelan Sullivan Corp. v. The United States, 381 F.2d 399 (Ct. Cl. 1967)
  …its recovery. Rothensies v. Electric Storage Battery Co., 329 U.S. 296, 67 S.Ct. 271, 91 L.Ed. 296 (1946); Estate of Block v. Commissioner, 39 B.T.A. 338 (1939), aff’d sub nom. Union Trust Co. v. Commissioner, 111 F. 2d 60 (7th Cir.), cert, denied, 311 U.S. 658, 61 S.Ct. 12, 85 L.Ed. 421 (1940). The only limitation upon that principle is the so-called “tax-benefit rule.” This rule permits exclusion of the recovered item from income so long as its initial use as a deduction did not provide a tax [*402] savi…
• Anders v. The United States, 462 F.2d 1147 (Ct. Cl. 1972)
  …ioner of Internal Revenue, 320 U.S. 489, 505-506, 64 S.Ct. 239, 88 L.Ed. 248 (1943); Estate of William H. Block, 39 B.T.A. 338 (1939), aff’d, Union Trust Co. of Indianapolis v. Commissioner of Internal Revenue, 111 F. 2d 60 (7th Cir.), cert. denied, 311 U.S. 658, 61 S.Ct. 12, 85 L.Ed. 421 (1940). Although the “tax benefit rule” usually has been applied where the deduction giving rise to the tax benefit and the recovery occur in different taxable years, it is equally applicable where the deduction and the r…