Jacobus v. United States

WHALEY, Judge.

The plaintiff brings this suit to recover the sum of $16,430.10 paid as income taxes for the years 1924 to 1928, inclusive.

It appears from the findings made by the court that the Jacobus Company was incorporated in 1923, arid that the entire stock of the company was owned by the Jacobus family. The plaintiff was the owner of 60 shares, .his wife 25 shares, his daughter 201 shares, and his brother, Abraham Jacobus, 45 shares. The plaintiff, his wife, and his brother, Abraham, composed the board of directors. The plaintiff was president, and his brother was secretary and…