Bolster v. Commissioner
United States Board of Tax Appeals
From March 1, 1913, to the beginning of the taxable year, a corporation annually made distributions to its stockholders in excess of its taxable net income. The Commissioner increased the allowances for depletion for years prior to the taxable year. Such of which represented a liquidation of the corporation. The petitioner book value of its paid-in surplus.
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From March 1, 1913, to the beginning of the taxable year, a corporation annually made distributions to its stockholders in excess of its taxable net income. The Commissioner increased the allowances for depletion for years prior to the taxable year. Such of which represented a liquidation of the corporation. The petitioner book value of its paid-in surplus. In the taxable year the decedent received distributions from this corporation, a portion of which represented a liquidation of the corporation. The pttitioner claims that such pro rata part of the distributions received as is applicable to…
1Opinion of the Court
*348OPINION.
Smith :
The petitioner has abandoned its contention with respect to the deficiency determined for the calendar year 1922.
The only question presented by this proceeding is what portion, if any, of the $140,945.60 distributed to the decedent, Margaret A. *349Brigham, in 1923, by the Yuba Consolidated Gold Fields is taxable to her as dividends from the company in that year. The dece-‘clent reported taxable dividends of $35,236.50, while the respondent has determined that $46,286.54 is the amount of the taxable dividends. The petitioner contends that no part of the amount received was a…
2Cited by8 opinions
- Van Norman Co. v. WelchCourt of Appeals for the First Circuit · 1944
- Estate of Uris v. CommissionerUnited States Tax Court · 1977
- Estate of Uris v. CommissionerCourt of Appeals for the Second Circuit · 1979
- Bolster v. CommissionerUnited States Board of Tax Appeals · 1931
- Ca 79-3190 Estate of Percy Uris, Deceased, Irving Trust Co., and Joanne Uris v. Commissioner of Internal Revenue, Harold D. Uris and Ruth Uris v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1979
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