Finley v. Commissioner
United States Tax Court
Petitioner and J. Floyd Frazier were controlling stockholders of the Midwest Materials Company, a corporation engaged in general construction work and in the supplying of materials used in construction work. On August 25, 1941, petitioner and J. Floyd Frazier transferred their stock in the corporation to their wives. On August 31, 1941, the corporation was dissolved and its assets distributed to the two wives.
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Petitioner and J. Floyd Frazier were controlling stockholders of the Midwest Materials Company, a corporation engaged in general construction work and in the supplying of materials used in construction work. On August 25, 1941, petitioner and J. Floyd Frazier transferred their stock in the corporation to their wives. On August 31, 1941, the corporation was dissolved and its assets distributed to the two wives. On September 1, 1941, petitioner and J. Floyd Frazier formed a partnership, Midwest Materials and Construction Company, to engage in general construction work. Also on September 1,…
1Opinion of the Court
R. E. L. Finley, Petitioner, v. Commissioner of Internal Revenue, Respondent. Jerline Dick Finley, Petitioner, v. Commissioner of Internal Revenue, Respondent
Finley v. Commissioner
Docket Nos. 43839, 43840
United States Tax Court
27 T.C. 413; 1956 U.S. Tax Ct. LEXIS 23;
November 30, 1956, Filed
Decisions will be entered under Rule 50.
Petitioner and J. Floyd Frazier were controlling stockholders of the Midwest Materials Company, a corporation engaged in general construction work and in the supplying of materials used in construction work. On August 25, 1941, petitioner and J. Floyd Frazier…
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- Boyle, Flagg & Seaman, Inc. v. CommissionerUnited States Tax Court · 1955
- Harden M. Loan Co. v. Com'r of Internal RevenueCourt of Appeals for the Tenth Circuit · 1943
- Royce v. CommissionerUnited States Tax Court · 1952
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