Hagaman v. Commissioner
United States Tax Court
H and W controlled a corporation, T, which operated five truck stops. During the years in issue, H received cash diverted from vending machines located in such truck stops. T also made payments for the maintenance of H's yacht, for H's legal expenses, and for construction of homes for the children of H and W. In Dec. 1975, H contributed $ 9,500 to the capital account of E, a small business corporation owned by him.
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H and W controlled a corporation, T, which operated five truck stops. During the years in issue, H received cash diverted from vending machines located in such truck stops. T also made payments for the maintenance of H's yacht, for H's legal expenses, and for construction of homes for the children of H and W. In Dec. 1975, H contributed $ 9,500 to the capital account of E, a small business corporation owned by him. He received a distribution of capital from E in the same amount in Jan. 1976. Held: (1) H and W received dividend income from the cash diverted from the truck stops and from the…
1Opinion of the Court
WILLIAM S. HAGAMAN and BONNIE C. HAGAMAN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Hagaman v. Commissioner
Docket No. 747-85.
United States Tax Court
T.C. Memo 1987-549; 1987 Tax Ct. Memo LEXIS 541; 54 T.C.M. (CCH) 992; T.C.M. (RIA) 87549;
October 27, 1987.
H and W controlled a corporation, T, which operated five truck stops. During the years in issue, H received cash diverted from vending machines located in such truck stops. T also made payments for the maintenance of H's yacht, for H's legal expenses, and for construction of homes for the children of H and W. In Dec. 1975, H…
2Cases cited34 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Holland v. United StatesSupreme Court of the United States · 1955
- Spies v. United StatesSupreme Court of the United States · 1943
- Rowlee v. CommissionerUnited States Tax Court · 1983
- Stone v. CommissionerUnited States Tax Court · 1971
29 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
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- Estate of Frost v. CommissionerUnited States Tax Court · 1993
- Hamilton v. Comm'rUnited States Tax Court · 2004
- Broad v. CommissionerUnited States Tax Court · 1990
13 more not listed; retrieve them via the Exa API.