Mead's Bakery, Inc. v. Commissioner
United States Tax Court
Petitioner was a family-owned corporation engaged in the business of baking and distributing bread and related products in the southwestern part of the United States. Petitioner's activities in this business, including its activities during the years in issue, reflect sustained growth, expansion and diversification. During the years in issue petitioner retained all of its earnings and paid no dividends.
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Petitioner was a family-owned corporation engaged in the business of baking and distributing bread and related products in the southwestern part of the United States. Petitioner's activities in this business, including its activities during the years in issue, reflect sustained growth, expansion and diversification. During the years in issue petitioner retained all of its earnings and paid no dividends. During this period petitioner also made substantial advances to an affiliated corporation which was not engaged in any trade or business. Held: The amounts advanced to petitioner's affiliate…
1Opinion of the Court
Mead's Bakery, Inc. v. Commissioner.
Mead's Bakery, Inc. v. Commissioner
Docket No. 94027.
United States Tax Court
T.C. Memo 1964-104; 1964 Tax Ct. Memo LEXIS 231; 23 T.C.M. (CCH) 607; T.C.M. (RIA) 64104;
April 22, 1964
Petitioner was a family-owned corporation engaged in the business of baking and distributing bread and related products in the southwestern part of the United States. Petitioner's activities in this business, including its activities during the years in issue, reflect sustained growth, expansion and diversification. During the years in issue petitioner retained all of its earnings…
2Cases cited29 opinions
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- John A. Nelson Co. v. HelveringSupreme Court of the United States · 1935
- The Smoot Sand & Gravel Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1960
- Commissioner of Internal Revenue v. SansomeCourt of Appeals for the Second Circuit · 1932
- Henry P. White and Estate of Nancy A. White, Deceased, T. Leo Sullivan, Administrator, C.T.A. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1955
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