Adams v. Commissioner
United States Tax Court
On May 30, 1978, our findings of fact and an opinion were filed in this case (70 T.C. 373 (1978)), which, in part, sustained respondent's determination that petitioner was subject to a 5-percent excise tax, individually and as transferee of Automatic Accounting Co., under sec. 4941(a)(1), I.R.C. 1954, for certain acts of self-dealing which occurred between a private foundation and petitioner and Automatic Accounting Co. With respect to the same acts of self-dealing,…
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On May 30, 1978, our findings of fact and an opinion were filed in this case (70 T.C. 373 (1978)), which, in part, sustained respondent's determination that petitioner was subject to a 5-percent excise tax, individually and as transferee of Automatic Accounting Co., under sec. 4941(a)(1), I.R.C. 1954, for certain acts of self-dealing which occurred between a private foundation and petitioner and Automatic Accounting Co. With respect to the same acts of self-dealing, respondent also asserted deficiencies in tax under sec. 4941(b)(1). The above-noted opinion did not address petitioner's…
1Opinion of the Court
Paul W. Adams, Petitioner v. Commissioner of Internal Revenue, Respondent; Paul W. Adams, Transferee, Petitioner v. Commissioner of Internal Revenue, Respondent
Adams v. Commissioner
Docket Nos. 6976-74, 6977-74, 6978-74, 6979-74, 6980-74, 6981-74
United States Tax Court
72 T.C. 81; 1979 U.S. Tax Ct. LEXIS 139;
April 11, 1979, Filed
Decisions will be entered for the petitioner in docket Nos. 6976-74, 6979-74, and 6981-74.
Decisions will be entered under Rule 155 in docket Nos. 6977-74, 6978-74, and 6980-74.
On May 30, 1978, our findings of fact and an opinion were filed in this case (70 T.C. 373…
Also in this document: Concurrence; Dissent · Tannenwald; Dissent · Simpson; Dissent · Chabot.
2Cases cited29 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- National Labor Relations Board v. Jones & Laughlin Steel Corp.Supreme Court of the United States · 1937
- Gillespie v. United States Steel Corp.Supreme Court of the United States · 1964
- Markham v. CabellSupreme Court of the United States · 1946
- Armstrong Paint & Varnish Works v. Nu-Enamel Corp.Supreme Court of the United States · 1938
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