Schahet v. Commissioner
United States Tax Court
On June 19, 1952, petitioners, the sole stockholders of Weather Guard Company, Inc., sold all the capital stock of Weather Guard to another corporation wholly owned by them. Held, on June 19, 1952, the fair market value of all the capital stock of Weather Guard Company, Inc., was at least $165,000.
1Opinion of the Court
Samuel S. Schahet and Ruby Schahet v. Commissioner. Albert G. Reuben and Sara Reuben v. Commissioner.
Schahet v. Commissioner
Docket Nos. 62201, 62202.
United States Tax Court
T.C. Memo 1959-51; 1959 Tax Ct. Memo LEXIS 197; 18 T.C.M. (CCH) 243; T.C.M. (RIA) 59051;
March 18, 1959
On June 19, 1952, petitioners, the sole stockholders of Weather Guard Company, Inc., sold all the capital stock of Weather Guard to another corporation wholly owned by them. Held, on June 19, 1952, the fair market value of all the capital stock of Weather Guard Company, Inc., was at least $165,000.
Harold R. Burnstein, Esq.,…
2Cases cited5 opinions
- In Re the Accounting of BrownNew York Court of Appeals · 1926
- Gannon v. CommissionerUnited States Tax Court · 1954
- Dwight & Lloyd Sintering Co. v. CommissionerUnited States Board of Tax Appeals · 1924
- Hitchcock v. CommissionerUnited States Board of Tax Appeals · 1926
- Otis Steel Co. v. CommissionerUnited States Board of Tax Appeals · 1927