Olson v. Commissioner
United States Board of Tax Appeals
Under a resolution of a corporation dated March 13, 1917, 40 shares of the capital stock of the corporation were issued annually to a trustee as additional compensation to each of the petitioners. The trustee was to hold the shares for a period of five years.
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Under a resolution of a corporation dated March 13, 1917, 40 shares of the capital stock of the corporation were issued annually to a trustee as additional compensation to each of the petitioners. The trustee was to hold the shares for a period of five years. The trustee paid the dividends on the stock as received by him to the petitioners and, at the end of the five-year period in 1922, caused to be issued to each of the petitioners a certificate for 200 shares of the stock. Held, that each of the petitioners was liable to income tax in 1922 upon the fair market value of the 200 shares of…
1Opinion of the Court
LYLE H. OLSON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
FRED S. OLSON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
A. F. BAILEY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Olson v. Commissioner
Docket Nos. 33061, 33199, 33274.
United States Board of Tax Appeals
24 B.T.A. 702; 1931 BTA LEXIS 1609;
November 10, 1931, Promulgated
Under a resolution of a corporation dated March 13, 1917, 40 shares of the capital stock of the corporation were issued annually to a trustee as additional compensation to each of the petitioners. The trustee was to hold…
2Cases cited1 opinion
- Olson v. CommissionerUnited States Board of Tax Appeals · 1931