Crowell v. Commissioner
United States Board of Tax Appeals
Additional compensation received by the petitioners for services rendered to a corporation in the form of shares of stock of the corporation held to constitute taxable income to the amount of their fair market value at the date of receipt.
1Opinion of the Court
BENEDICT CROWELL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
BASCOM LITTLE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Crowell v. Commissioner
Docket Nos. 38333, 38334.
United States Board of Tax Appeals
21 B.T.A. 849; 1930 BTA LEXIS 1779;
December 22, 1930, Promulgated
Additional compensation received by the petitioners for services rendered to a corporation in the form of shares of stock of the corporation held to constitute taxable income to the amount of their fair market value at the date of receipt.
I. W. Sharp, Esq., for the petitioners.
Arthur Carnduff,…
2Cases cited1 opinion
- Crowell v. CommissionerUnited States Board of Tax Appeals · 1930