Owensboro Wagon Co. v. Commissioner
United States Tax Court
Prior to March 1, 1913, petitioner paid certain dividends of its common stock on common stock. Held, that the dividends are not includible in equity invested capital as distributions of stock under section 718 (a) (3) (A), I. R. C.
1Opinion of the Court
Owensboro Wagon Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Owensboro Wagon Co. v. Commissioner
Docket No. 25835
United States Tax Court
18 T.C. 1107; 1952 U.S. Tax Ct. LEXIS 92;
September 25, 1952, Promulgated
Decision will be entered for the respondent.
Prior to March 1, 1913, petitioner paid certain dividends of its common stock on common stock. Held, that the dividends are not includible in equity invested capital as distributions of stock under section 718 (a) (3) (A), I. R. C.
James E. Fahey, Esq., for the petitioner.
R. G. de Quevedo, Esq., for the respondent.
Johnson,…
2Cases cited13 opinions
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- Koshland v. HelveringSupreme Court of the United States · 1936
- Commissioner v. Estate of BedfordSupreme Court of the United States · 1945
- P. Dougherty Co. v. CommissionerUnited States Tax Court · 1945
- Foster v. United StatesSupreme Court of the United States · 1938
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