Legal Opinion
Inland Asphalt Co. v. Commissioner
Court of Appeals for the Ninth Circuit
Decided April 2, 1985No. 84-7270PublishedCited by 10 opinions
1Opinion of the Court
TANG, Circuit Judge:
Inland Asphalt Company, one of its shareholders and a former shareholder, appeal the tax court’s ruling that corporate payments of personal tax deficiencies, paid by the corporation on behalf of the shareholders, constituted constructive dividends taxable to the shareholders. The court also ruled that the payments were nonde*1427ductible by the corporation as business expenses. We affirm.
I
Inland Asphalt Company is a paving contractor in the State of Washington. In 1969, pursuant to Subchapter S of the Internal Revenue Code, the company distributed $225,000 to its only…
2Cases cited10 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- Burlington Northern, Inc., a Delaware Corporation v. Weyerhaeuser Company, a Washington CorporationCourt of Appeals for the Ninth Circuit · 1983
- Old Town Corp. v. CommissionerUnited States Tax Court · 1962
- Jack's Maintenance Contractors, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1983
5 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- J.R. Betson, Jr. And Joan Sue Betson v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1986
- Maxwell v. CommissionerUnited States Tax Court · 1990
- Dobbe v. CommissionerCourt of Appeals for the Ninth Circuit · 2003
- Benson v. Comm'rUnited States Tax Court · 2004
- Donovan v. CommissionerUnited States Tax Court · 1990
5 more not listed; retrieve them via the Exa API.