Mojonnier & Sons, Inc. v. Commissioner
United States Tax Court
Petitioner was organized in 1930 and acquired all the assets and business of F. E. Mojonnier and his wife, the transferors. Several years prior to the petitioner's organization, the Mojonniers induced their son and son-in-law to enter their business and promised that stock would be issued to them when petitioner was organized.
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Petitioner was organized in 1930 and acquired all the assets and business of F. E. Mojonnier and his wife, the transferors. Several years prior to the petitioner's organization, the Mojonniers induced their son and son-in-law to enter their business and promised that stock would be issued to them when petitioner was organized. Upon petitioner's organization in 1930, F. E. Mojonnier offered to convey to it the assets of the business in exchange for a specified number of shares to be issued to him and others named in the offer. The transferors, after the transfer of the assets to petitioner,…
1Opinion of the Court
Mojonnier & Sons, Inc., Petitioner, v. Commissioner of Internal Revenue, Respondent
Mojonnier & Sons, Inc. v. Commissioner
Docket No. 12908
United States Tax Court
12 T.C. 837; 1949 U.S. Tax Ct. LEXIS 191;
May 25, 1949, Promulgated
Decision will be entered under Rule 50.
Petitioner was organized in 1930 and acquired all the assets and business of F. E. Mojonnier and his wife, the transferors. Several years prior to the petitioner's organization, the Mojonniers induced their son and son-in-law to enter their business and promised that stock would be issued to them when petitioner was organized. Upon…
2Cases cited4 opinions
- Elmhurst Cemetery Co. of Joliet v. CommissionerSupreme Court of the United States · 1937
- Finlay v. SwirskySupreme Court of Connecticut · 1925
- Independent Oil Co. v. CommissionerUnited States Tax Court · 1946
- Mojonnier & Sons, Inc. v. CommissionerUnited States Tax Court · 1949