Allied Utilities Corp. v. Commissioner
United States Tax Court
Petitioner, a wholly owned subsidiary of Allied Telephone Co. (Allied), on May 5, 1965, acquired all the stock of Crossett Telephone Co. (Crossett), a corporation formed that day by a corporation other than petitioner or Allied. On May 5, after petitioner acquired Crossett's stock, the stockholders and directors of Crossett passed a resolution to liquidate and dissolve Crossett.
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Petitioner, a wholly owned subsidiary of Allied Telephone Co. (Allied), on May 5, 1965, acquired all the stock of Crossett Telephone Co. (Crossett), a corporation formed that day by a corporation other than petitioner or Allied. On May 5, after petitioner acquired Crossett's stock, the stockholders and directors of Crossett passed a resolution to liquidate and dissolve Crossett. A certificate of dissolution of Crossett attaching a copy of this resolution was filed with the secretary of state of Arkansas on May 6, 1965. Crossett filed a corporate income tax return for its taxable year…
1Opinion of the Court
Allied Utilities Corporation, Transferee, Petitioner v. Commissioner of Internal Revenue, Respondent
Allied Utilities Corp. v. Commissioner
Docket No. 6072-73
United States Tax Court
64 T.C. 1024; 1975 U.S. Tax Ct. LEXIS 68;
September 11, 1975, Filed
Decision will be entered for the respondent.
Petitioner, a wholly owned subsidiary of Allied Telephone Co. (Allied), on May 5, 1965, acquired all the stock of Crossett Telephone Co. (Crossett), a corporation formed that day by a corporation other than petitioner or Allied. On May 5, after petitioner acquired Crossett's stock, the stockholders and…
2Cases cited7 opinions
- Weir Long Leaf Lumber Co. v. CommissionerUnited States Tax Court · 1947
- Wier Long Leaf Lumber Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1949
- Taylor v. BrownSupreme Court of the United States · 1893
- Weir v. CommissionerUnited States Tax Court · 1948
- Hooper v. CommissionerUnited States Board of Tax Appeals · 1932
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