Bolster v. Commissioner
United States Board of Tax Appeals
From March 1, 1913, to the beginning of the taxable year, a corporation annually made distributions to its stockholders in excess of its taxable net income. The Commissioner increased the allowances for depletion for years prior to the taxable year. Such of which represented a liquidation of the corporation. The petitioner book value of its paid-in surplus.
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From March 1, 1913, to the beginning of the taxable year, a corporation annually made distributions to its stockholders in excess of its taxable net income. The Commissioner increased the allowances for depletion for years prior to the taxable year. Such of which represented a liquidation of the corporation. The petitioner book value of its paid-in surplus. In the taxable year the decedent received distributions from this corporation, a portion of which represented a liquidation of the corporation. The pttitioner claims that such pro rata part of the distributions received as is applicable to…
1Opinion of the Court
STANLEY M. BOLSTER, EXECUTOR, ESTATE OF MARGARET A. BRIGHAM, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bolster v. Commissioner
Docket No. 21223.
United States Board of Tax Appeals
23 B.T.A. 347; 1931 BTA LEXIS 1886;
May 20, 1931, Promulgated
From March 1, 1913, to the beginning of the taxable year, a corporation annually made distributions to its stockholders in excess of its taxable net income. The Commissioner increased the allowances for depletion for years prior to the taxable year. Such of which represented a liquidation of the corporation. The petitioner book value of its…
2Cases cited1 opinion
- Bolster v. CommissionerUnited States Board of Tax Appeals · 1931