Meyer v. Commissioner
United States Tax Court
During the years 1938 to 1941, inclusive, Bersel Realty Co. redeemed shares of its noncumulative preferred stock out of earnings. The petitioner was its sole stockholder. Held, that the redemptions of the preferred stock were made at such time and in such manner as to be essentially equivalent to distributions of taxable dividends.
1Opinion of the Court
Bertram Meyer, Petitioner, v. Commissioner of Internal Revenue, Respondent
Meyer v. Commissioner
Docket No. 4951
United States Tax Court
5 T.C. 165; 1945 U.S. Tax Ct. LEXIS 154;
May 31, 1945, Promulgated
Decision will be entered for the respondent.
During the years 1938 to 1941, inclusive, Bersel Realty Co. redeemed shares of its noncumulative preferred stock out of earnings. The petitioner was its sole stockholder. Held, that the redemptions of the preferred stock were made at such time and in such manner as to be essentially equivalent to distributions of taxable dividends.
Sydney A. Gutkin, Esq.,…
Also in this document: Dissent.
2Cases cited2 opinions
- Flanagan v. HelveringCourt of Appeals for the D.C. Circuit · 1940
- Meyer v. CommissionerUnited States Tax Court · 1945