Telephone Answering Service Co. v. Commissioner
United States Tax Court
TASCO owned 100 percent of the stock of both Houston and North American in addition to operating a telephone-answering service directly and providing managerial services to those two subsidiaries, which themselves operated telephone-answering services.
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TASCO owned 100 percent of the stock of both Houston and North American in addition to operating a telephone-answering service directly and providing managerial services to those two subsidiaries, which themselves operated telephone-answering services. After having been approached concerning the stock of Houston, TASCO on Mar. 18, 1966, created New TASCO as a wholly owned subsidiary and on May 13, 1966, adopted a plan of liquidation and approved the sale of the Houston stock. The sale was closed on Oct. 31, 1966. On Mar. 31, 1967, TASCO transferred all its assets excluding its North American…
1Opinion of the Court
Telephone Answering Service Co., Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
Telephone Answering Service Co. v. Commissioner
Docket No. 1544-69
United States Tax Court
63 T.C. 423; 1974 U.S. Tax Ct. LEXIS 3;
December 24, 1974, Filed
Decision will be entered under Rule 155.
TASCO owned 100 percent of the stock of both Houston and North American in addition to operating a telephone-answering service directly and providing managerial services to those two subsidiaries, which themselves operated telephone-answering services. After having been approached concerning the stock of…
Also in this document: Dissent.
2Cases cited29 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Gregory v. HelveringSupreme Court of the United States · 1935
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- United States v. Cumberland Public Service Co.Supreme Court of the United States · 1950
- New York v. MacLaySupreme Court of the United States · 1933
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