Fischer v. Commissioner
United States Tax Court
Held, the purchase and retirement by a corporation of all the shares of its stock held by one of its stockholders did not, under the circumstances here present, amount to the distribution of a taxable dividend to its remaining stockholders.
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Held, the purchase and retirement by a corporation of all the shares of its stock held by one of its stockholders did not, under the circumstances here present, amount to the distribution of a taxable dividend to its remaining stockholders. Held, further, petitioner, the president of the corporation, is not entitled to deduction in his individual return of amounts claimed to have been spent for entertainment and sales promotion for the purpose of obtaining business for the corporation.
1Opinion of the Court
Fred F. Fischer v. Commissioner.
Fischer v. Commissioner
Docket No. 8737.
United States Tax Court
1947 Tax Ct. Memo LEXIS 212; 6 T.C.M. (CCH) 520; T.C.M. (RIA) 47131;
May 8, 1947
Held, the purchase and retirement by a corporation of all the shares of its stock held by one of its stockholders did not, under the circumstances here present, amount to the distribution of a taxable dividend to its remaining stockholders. Held, further, petitioner, the president of the corporation, is not entitled to deduction in his individual return of amounts claimed to have been spent for entertainment and sales…
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