Adams v. Commissioner
United States Tax Court
At an informal meeting of the shareholders of Chippewa Springs Corporation on October 10, 1957, documents were executed with respect to a proposed sale of the corporate assets.
Read the full summary
At an informal meeting of the shareholders of Chippewa Springs Corporation on October 10, 1957, documents were executed with respect to a proposed sale of the corporate assets. The first, a memorandum, states that petitioner has offered $ 200,000 for the corporate assets, that the offer is conditional on the termination of the Chippewa trust which holds a majority of the corporate stock and in which petitioner has a 30-percent interest, that petitioner plans to finance part of the purchase price from his share of the trust, that upon petitioner's payment of the purchase price the corporate…
1Opinion of the Court
Henry H. Adams, Transferee, Petitioner, v. Commissioner of Internal Revenue, Respondent
Adams v. Commissioner
Docket No. 84351
United States Tax Court
38 T.C. 549; 1962 U.S. Tax Ct. LEXIS 107;
August 2, 1962, Filed
Decision will be entered for the respondent.
At an informal meeting of the shareholders of Chippewa Springs Corporation on October 10, 1957, documents were executed with respect to a proposed sale of the corporate assets. The first, a memorandum, states that petitioner has offered $ 200,000 for the corporate assets, that the offer is conditional on the termination of the Chippewa trust…
2Cases cited7 opinions
- Kleinschmidt v. HoctorSupreme Court of Missouri · 1950
- Virginia Ice & Freezing Corp. v. CommissionerUnited States Tax Court · 1958
- James T. Michel v. The ætna Casualty and Surety Company, and the Automobile Insurance CompanyCourt of Appeals for the Tenth Circuit · 1958
- Adams v. CommissionerUnited States Tax Court · 1962
- Louis F. Dow Co. v. BittnerSupreme Court of Minnesota · 1932
2 more not listed; retrieve them via the Exa API.