Dillard Paper Co. v. Commissioner
United States Tax Court
Held, long-term capital loss in the amount of $ 12,918.87 realized upon the transfer of securities by petitioner to the fiduciary of its employees' profit-sharing trust as its contribution under its profit-sharing plan is not deductible by reason of section 267 of the Internal Revenue Code of 1954.
1Opinion of the Court
Dillard Paper Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Dillard Paper Co. v. Commissioner
Docket No. 2804-62
United States Tax Court
42 T.C. 588; 1964 U.S. Tax Ct. LEXIS 86;
June 17, 1964, Filed
Decision will be entered for the respondent.
Held, long-term capital loss in the amount of $ 12,918.87 realized upon the transfer of securities by petitioner to the fiduciary of its employees' profit-sharing trust as its contribution under its profit-sharing plan is not deductible by reason of section 267 of the Internal Revenue Code of 1954.
Claude C. Pierce, for the petitioner.
Wall…
2Cases cited4 opinions
- United States v. General Shoe CorporationCourt of Appeals for the Sixth Circuit · 1960
- Radom & Neidorff, Inc. v. United StatesUnited States Court of Claims · 1960
- Hydro Molding Co. v. CommissionerUnited States Tax Court · 1962
- Dillard Paper Co. v. CommissionerUnited States Tax Court · 1964