Legal Opinion
The H. Wetter Manufacturing Company v. United States
Court of Appeals for the Sixth Circuit
Decided April 13, 1972No. 71-1725PublishedCited by 26 opinions
1Opinion of the Court
JOHN W. PECK, Circuit Judge.
The taxpayer is an incorporated personal holding company which in the years prior to 1965 had declared and paid dividends in sufficient amounts to avoid incurring a personal holding company tax. In December, 1965, the taxpayer declared a dividend which it paid by distributing cash in the amount of $96.00 and the capital stock of Texaco, Inc. which had a basis to the taxpayer of $2,089.57 and a fair market value at the time of the distribution of $38,819.00. In its tax return for the year 1965, the taxpayer claimed a dividends paid deduction of $38,915.00, computed…
2Cases cited7 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- Koshland v. HelveringSupreme Court of the United States · 1936
- United States v. Shreveport Grain & Elevator Co.Supreme Court of the United States · 1932
- Commissioner of Internal Revenue v. NetcherCourt of Appeals for the Seventh Circuit · 1944
- General Electric Company v. Melvin J. Burton, District Director of Internal RevenueCourt of Appeals for the Sixth Circuit · 1967
2 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Kaiser Steel Corp. v. MullinsSupreme Court of the United States · 1982
- Fulman v. United StatesSupreme Court of the United States · 1978
- Arthur S. Fulman v. United StatesCourt of Appeals for the First Circuit · 1976
- Bank of Evening Shade v. LindseySupreme Court of Arkansas · 1983
- Welsh v. United StatesUnited States Court of Claims · 1983
21 more not listed; retrieve them via the Exa API.