Adler v. Commissioner
United States Board of Tax Appeals
The declaration of a preferred stock dividend by a corporation and its later redemption, under the facts here disclosed, was "essentially equivalent to the distribution of a taxable dividend" within the meaning of sections 201(g) and 115(g) of the Revenue Acts of 1926 and 1928, respectively.
1Opinion of the Court
LEOPOLD ADLER, PETITIONER, ET AL., 1v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Adler v. Commissioner
Docket Nos. 49913, 49914, 49922-49926, 52629, 52630.
United States Board of Tax Appeals
30 B.T.A. 897; 1934 BTA LEXIS 1249;
June 12, 1934, Promulgated
The declaration of a preferred stock dividend by a corporation and its later redemption, under the facts here disclosed, was "essentially equivalent to the distribution of a taxable dividend" within the meaning of sections 201(g) and 115(g) of the Revenue Acts of 1926 and 1928, respectively.
J. C. Peacock, Esq., for the petitioners.
John H. Pigg,…
2Cases cited1 opinion
- Adler v. CommissionerUnited States Board of Tax Appeals · 1934