Oakland Hills Country Club v. Commissioner
United States Tax Court
Petitioner operates a country club. It is composed of "corporate" members and "privileged" members. Corporate members own stock they purchase from petitioner for $ 7,500 which entitles them to vote at club meetings and to use club facilities. Privileged members can use the club facilities but cannot own stock or vote. A corporate member cannot sell his stock to anyone but petitioner.
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Petitioner operates a country club. It is composed of "corporate" members and "privileged" members. Corporate members own stock they purchase from petitioner for $ 7,500 which entitles them to vote at club meetings and to use club facilities. Privileged members can use the club facilities but cannot own stock or vote. A corporate member cannot sell his stock to anyone but petitioner. The repurchase price is set by the corporate membership and during the years in issue was set at $ 2,500. Respondent determined that the difference ($ 5,000) between the issue price and repurchase price of a…
1Opinion of the Court
Oakland Hills Country Club, a Michigan Nonprofit Corporation, Petitioner v. Commissioner of Internal Revenue, Respondent
Oakland Hills Country Club v. Commissioner
Docket No. 8597-78
United States Tax Court
74 T.C. 35; 1980 U.S. Tax Ct. LEXIS 154; 74 T.C. No. 5;
April 10, 1980, Filed
Petitioner operates a country club. It is composed of "corporate" members and "privileged" members. Corporate members own stock they purchase from petitioner for $ 7,500 which entitles them to vote at club meetings and to use club facilities. Privileged members can use the club facilities but cannot own stock or vote.…
2Cases cited17 opinions
- United States v. Diebold, Inc.Supreme Court of the United States · 1962
- Dixon v. United StatesSupreme Court of the United States · 1965
- City of New York v. SaperSupreme Court of the United States · 1949
- Detroit Edison Co. v. CommissionerSupreme Court of the United States · 1943
- Brown Shoe Co. v. CommissionerSupreme Court of the United States · 1950
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