Monk v. Commissioner
United States Board of Tax Appeals
Held, that dividends declared when certain corporations sold all their assets and discontinued business, and paid out of the selling price of such assets, were distributions in liquidation.
1Opinion of the Court
WILLIAM H. MONK, JR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
R. J. MILLING, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
EARL R. GASTON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Monk v. Commissioner
Docket Nos. 52044-52046.
United States Board of Tax Appeals
29 B.T.A. 556; 1933 BTA LEXIS 924;
December 14, 1933, Promulgated
Held, that dividends declared when certain corporations sold all their assets and discontinued business, and paid out of the selling price of such assets, were distributions in liquidation.
Geo. E. H. Goodner, Esq., and…
2Cases cited1 opinion
- Monk v. CommissionerUnited States Board of Tax Appeals · 1933