Jaeger Motor Car Co. v. Commissioner
United States Tax Court
1. Jaeger Motor Car Company (JMC) was engaged in the new and used car business. During 1945 through 1948 over-invoice payments on cars sold by JMC were diverted from the company to Anthony Jaeger, president and controlling stockholder of JMC. Respondent determined the over-invoice payments diverted from JMC to be income to both Anthony and JMC. Respondent computed the amount of the over-invoice payments by the net worth method.
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1. Jaeger Motor Car Company (JMC) was engaged in the new and used car business. During 1945 through 1948 over-invoice payments on cars sold by JMC were diverted from the company to Anthony Jaeger, president and controlling stockholder of JMC. Respondent determined the over-invoice payments diverted from JMC to be income to both Anthony and JMC. Respondent computed the amount of the over-invoice payments by the net worth method. Held: Respondent's determination sustained, with certain adjustments to his net worth computation. 2. During 1946 through 1948 profits on cars sold by JMC were…
1Opinion of the Court
Jaeger Motor Car Company, a Wisconsin Corporation v. Commissioner. Anna Jaeger v. Commissioner. Anthony A. Jaeger v. Commissioner. Anthony A. Jaeger and Anna Jaeger v. Commissioner. Jaeger Motor Car Company, a Wisconsin Corporation v. Commissioner.
Jaeger Motor Car Co. v. Commissioner
Docket Nos. 56974, 57409, 57410, 66520, 66522. 1958-223.
United States Tax Court
T.C. Memo 1958-223; 1958 Tax Ct. Memo LEXIS 7; 17 T.C.M. (CCH) 1098; T.C.M. (RIA) 58223;
December 31, 1958
1. Jaeger Motor Car Company (JMC) was engaged in the new and used car business. During 1945 through 1948 over-invoice payments on…
2Cases cited18 opinions
- Holland v. United StatesSupreme Court of the United States · 1955
- Lucas v. EarlSupreme Court of the United States · 1930
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Higgins v. SmithSupreme Court of the United States · 1940
- Gano v. CommissionerUnited States Board of Tax Appeals · 1930
13 more not listed; retrieve them via the Exa API.
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