Dohrmann v. Commissioner
United States Board of Tax Appeals
1. During 1920 petitioner exchanged certain assets for 50 per cent of the capital stock of a new corporation. Held, upon the evidence, that the new stock received in exchange had no "fair market value" within the meaning of that term as used in section 202(b) of the Revenue Act of 1918. 2. Under the decision by the Supreme Court in the case of Lucas v. Earl,281 U.S. 111, held, that the salary in question was correctly returned by the wife, who earned it.
1Opinion of the Court
ANDREW B. C. DOHRMANN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Dohrmann v. Commissioner
Docket No. 20658.
United States Board of Tax Appeals
19 B.T.A. 507; 1930 BTA LEXIS 2382;
April 8, 1930, Promulgated
1. During 1920 petitioner exchanged certain assets for 50 per cent of the capital stock of a new corporation. Held, upon the evidence, that the new stock received in exchange had no "fair market value" within the meaning of that term as used in section 202(b) of the Revenue Act of 1918.
2. Under the decision by the Supreme Court in the case of Lucas v. Earl,281 U.S. 111, held,…
2Cases cited13 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- United States v. RobbinsSupreme Court of the United States · 1926
- Ray Consolidated Copper Co. v. United StatesSupreme Court of the United States · 1925
- Walter v. DuffyCourt of Appeals for the Third Circuit · 1923
- Dohrmann v. CommissionerUnited States Board of Tax Appeals · 1930
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