T. T. Word Supply Co. v. Commissioner
United States Board of Tax Appeals
1. AFFILIATION. - Upon the evidence it is held that the T. T. Word Supply Co. was not the owner of the stock of the Lucey Manufacturing Corporation of Texas, and, therefore, was not entitled to make a consolidated return with that corporation and the Word Specialty Manufacturing Corporation for the year 1931. 2. LIQUIDATING DIVIDENDS. - Upon the evidence it is held that the petitioner, T. T. Word, was the owner of the stock and obligations of the liquidating corporation, and…
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1. AFFILIATION. - Upon the evidence it is held that the T. T. Word Supply Co. was not the owner of the stock of the Lucey Manufacturing Corporation of Texas, and, therefore, was not entitled to make a consolidated return with that corporation and the Word Specialty Manufacturing Corporation for the year 1931. 2. LIQUIDATING DIVIDENDS. - Upon the evidence it is held that the petitioner, T. T. Word, was the owner of the stock and obligations of the liquidating corporation, and the distribution of its assets to him in exchange for the stock and cancellation of the obligations was a distribution…
1Opinion of the Court
T. T. WORD SUPPLY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
T. T. WORD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ANNA WORD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
T. T. Word Supply Co. v. Commissioner
Docket Nos. 90997, 93542, 93543, 93544.
United States Board of Tax Appeals
41 B.T.A. 965; 1940 BTA LEXIS 1118;
April 26, 1940, Promulgated
1. AFFILIATION. - Upon the evidence it is held that the T. T. Word Supply Co. was not the owner of the stock of the Lucey Manufacturing Corporation of Texas, and, therefore, was not entitled to…
2Cases cited27 opinions
- Higgins v. SmithSupreme Court of the United States · 1940
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Helvering v. F. & R. Lazarus & Co.Supreme Court of the United States · 1939
- Burnet v. Commonwealth Improvement Co.Supreme Court of the United States · 1932
- Higginbotham-Bailey-Logan Co. v. CommissionerUnited States Board of Tax Appeals · 1927
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