Woodward v. Commissioner
United States Tax Court
Petitioners were stockholders of an Iowa corporation engaged in publishing a newspaper and operating a commercial printing plant and a radio station in Dubuque. The existence of the corporation was due to expire in 1961. In 1960 the majority stockholders voted to extend the corporate existence perpetually. One minority stockholder dissented.
Read the full summary
Petitioners were stockholders of an Iowa corporation engaged in publishing a newspaper and operating a commercial printing plant and a radio station in Dubuque. The existence of the corporation was due to expire in 1961. In 1960 the majority stockholders voted to extend the corporate existence perpetually. One minority stockholder dissented. Under sec. 491.25, Iowa Code Ann., the stockholders voting for renewal were required to purchase at its real value the stock voted against renewal. The parties could not agree upon the real value of the minority stock. Petitioners filed a court action in…
1Opinion of the Court
Fred W. Woodward and Elsie M. Woodward, Petitioners v. Commissioner of Internal Revenue, Respondent; F. R. Woodward and M. Jeanne Woodward, Petitioners v. Commissioner of Internal Revenue, Respondent
Woodward v. Commissioner
Docket Nos. 4363-65, 4364-65
United States Tax Court
49 T.C. 377; 1968 U.S. Tax Ct. LEXIS 189;
January 23, 1968, Filed
Decisions will be entered under Rule 50.
Petitioners were stockholders of an Iowa corporation engaged in publishing a newspaper and operating a commercial printing plant and a radio station in Dubuque. The existence of the corporation was due to expire in 1961.…
Also in this document: Dissent · Bruce; Dissent · Fay.
2Cases cited30 opinions
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Helvering v. WinmillSupreme Court of the United States · 1938
- Harrison E. Spangler and Myrtle B. Spangler v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- Heller v. CommissionerUnited States Tax Court · 1943
- Rassenfoss v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1946
25 more not listed; retrieve them via the Exa API.