Schuler v. Commissioner
United States Board of Tax Appeals
1. The petitioner was president and general manager of a family corporation which he had dominated and controlled since its incorporation in 1906. Belonging to the corporation were shares of stock in another corporation, which in and during the year reviewed were sold and their proceeds paid to petitioner, who, as received, deposited them to his own credit in a bank.
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1. The petitioner was president and general manager of a family corporation which he had dominated and controlled since its incorporation in 1906. Belonging to the corporation were shares of stock in another corporation, which in and during the year reviewed were sold and their proceeds paid to petitioner, who, as received, deposited them to his own credit in a bank. Held, the petitioner having failed to show satisfactorily that such funds were invested, as contended by him, to the use and benefit of the corporation, the respondent's determination that they constituted dividends in his hands,…
1Opinion of the Court
E. T. SCHULER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Schuler v. Commissioner
Docket Nos. 51237, 54775, 63736.
United States Board of Tax Appeals
29 B.T.A. 415; 1933 BTA LEXIS 948;
November 23, 1933, Promulgated
1. The petitioner was president and general manager of a family corporation which he had dominated and controlled since its incorporation in 1906. Belonging to the corporation were shares of stock in another corporation, which in and during the year reviewed were sold and their proceeds paid to petitioner, who, as received, deposited them to his own credit in a bank.…
2Cases cited1 opinion
- Schuler v. CommissionerUnited States Board of Tax Appeals · 1933