Falk v. Tax Commission

The following opinion was filed March 5, 1935:

FRItz, J.

In .the years 1922, 1923, and 1924, and for some years prior thereto, the respondents, with the exception that Herman W. Falk did not continue as such a stockholder after December 28, 1922, were stockholders of the Falk Company, a Wisconsin corporation. For each of those years the Falk Company was assessed and paid its taxes upon such of its income as was taxable under ch. 71, Stats. Shortly prior to May 17, 1921, the Falk Company sold and transferred substantially all of its assets to the Falk Corporation and the Falk Investment Company…