Shaw Constr. Co. v. Commissioner
United States Tax Court
Shaw Construction Company, a corporation, all of whose capital stock was owned by Harold L. Shaw and his wife, Martha J. Shaw, was incorporated in 1946 and engaged in the general contracting business, constructing single-family residences on large subdivided tracts of real estate in the Los Angeles area.
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Shaw Construction Company, a corporation, all of whose capital stock was owned by Harold L. Shaw and his wife, Martha J. Shaw, was incorporated in 1946 and engaged in the general contracting business, constructing single-family residences on large subdivided tracts of real estate in the Los Angeles area. In 1950 Shaw began forming multiple corporations, in which the two Shaws owned 79 to 100 percent of the stock and were the principal officers and directors, to take title to the unimproved lots in tracts which Shaw had arranged to acquire and develop. These corporations, with a capital of $…
1Opinion of the Court
Dkennen, Judge:
In these consolidated proceedings respondent determined deficiencies in income tax and excess profits tax against Shaw Construction Company in Docket No. 68589 for its fiscal years ending March 31, 1952 and 1953, in the amounts of $436,687.98 and $2,087,004.98, respectively; and with respect to 86 “multiple” corporations, with various fiscal years ending in 1951, 1952, and 1953, respondent in 86 dockets determined deficiencies in taxes and additions to tax totaling $932,870.09 and $322.29, respectively. Deficiency determinations with respect to two other corporations (Caleasco,…
2Cases cited10 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Higgins v. SmithSupreme Court of the United States · 1940
- Moline Properties, Inc. v. CommissionerSupreme Court of the United States · 1943
- United States v. Cumberland Public Service Co.Supreme Court of the United States · 1950
5 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Zmuda v. CommissionerUnited States Tax Court · 1982
- South Texas Rice Warehouse Co. v. CommissionerUnited States Tax Court · 1965
- Bush Hog Mfg. Co. v. CommissionerUnited States Tax Court · 1964
- Hospital Corp. of America v. CommissionerUnited States Tax Court · 1983
- T. M. Britt and Jane Britt v. The United States of AmericaCourt of Appeals for the Fifth Circuit · 1970
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