Avery v. Commissioner

The petitioner was a large stockholder, and president, of the United States Gypsum Company. In November, 1924, the Company declared a. dividend payable on or before the 31st day of December following. Its check, dated December 31st, for the amount attributable to his stock, payable to him, was received by petitioner January 2, 1925. In November, 1929, another dividend was declared, payable on or before the following December 31st, and the Company’s check for petitioner’s portion was received by him January 2, 1930.

Annually, dividend checks, signed by the proper corporate officers and dated…