Taplin v. Commissioner
United States Board of Tax Appeals
A purported sale by a corporation to its majority stockholders of stock at less than one-fourth of its market value, held not to have been a bona fide sale, but rather a distribution of profits.
1Opinion of the Court
FRANK E. TAPLIN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
CHARLES F. TAPLIN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
A. P. KING, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Taplin v. Commissioner
Docket Nos. 13254, 21264, 21263.
United States Board of Tax Appeals
12 B.T.A. 1264; 1928 BTA LEXIS 3369;
July 11, 1928, Promulgated
A purported sale by a corporation to its majority stockholders of stock at less than one-fourth of its market value, held not to have been a bona fide sale, but rather a distribution of profits.
C. F. Taplin, Esq., for the…
2Cases cited3 opinions
- The People v. . the Albany Insurance Co.New York Court of Appeals · 1883
- McMichael v. CommissionerUnited States Board of Tax Appeals · 1926
- Taplin v. CommissionerUnited States Board of Tax Appeals · 1928