Bellin v. Tax Commission

The facts in relation to the transactions which the Tax Commission determined warranted an additional assessment of income, amounting to $164,139.11, for the year 1928, are undisputed. In 1915 Julius J. Beilin and two other persons organized the Beilin Building Company, a Wisconsin corporation, which completed and acquired, in exchange for its corporate stock, an office building, which was under construction on land in the city of Green Bay, which was owned by Beilin and one of his associates in the corporate organization. That building and the land constituted the capital assets of the…