Lash v. Commissioner
United States Tax Court
1. Petitioner was the majority stockholder and an officer in Bristol Fabrics, Inc. He dominated its affairs. His wife and a daughter, who was a minor, owned the remaining shares. During 1945, the corporation made a wide variety of payments on behalf of petitioner. Held, such payments constituted taxable income to him. 2. Petitioner was in fact a partner in an enterprise known as Plastoplex Company, and an effort to substitute his wife as a partner in his stead was a sham.
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1. Petitioner was the majority stockholder and an officer in Bristol Fabrics, Inc. He dominated its affairs. His wife and a daughter, who was a minor, owned the remaining shares. During 1945, the corporation made a wide variety of payments on behalf of petitioner. Held, such payments constituted taxable income to him. 2. Petitioner was in fact a partner in an enterprise known as Plastoplex Company, and an effort to substitute his wife as a partner in his stead was a sham. Held, the distributive income of Plastoplex allocated to his wife was correctly charged to petitioner by the Commissioner.…
1Opinion of the Court
Max P. Lash v. Commissioner.
Lash v. Commissioner
Docket No. 48408.
United States Tax Court
T.C. Memo 1956-87; 1956 Tax Ct. Memo LEXIS 209; 15 T.C.M. (CCH) 453; T.C.M. (RIA) 56087;
April 16, 1956
1. Petitioner was the majority stockholder and an officer in Bristol Fabrics, Inc. He dominated its affairs. His wife and a daughter, who was a minor, owned the remaining shares. During 1945, the corporation made a wide variety of payments on behalf of petitioner. Held, such payments constituted taxable income to him.
2. Petitioner was in fact a partner in an enterprise known as Plastoplex Company, and an…
2Cases cited4 opinions
- George M. Still, Inc. v. CommissionerUnited States Tax Court · 1953
- Mauch v. CommissionerUnited States Board of Tax Appeals · 1937
- Mellon v. CommissionerUnited States Board of Tax Appeals · 1937
- Kessler v. CommissionerUnited States Board of Tax Appeals · 1939
3Cited by2 opinions
- DiZenzo v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1965
- Patsy F. Dizenzo, Transferee v. Commissioner of Internal Revenue, Patsy F. Dizenzo and Anna Dizenzo v. Commissioner of Internal Revenue, Patsy Frank, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1965