Teller v. Commissioner
United States Tax Court
P held stock in two domestic corporations which were engaged in design, manufacture, and sale of electronic products. The products were manufactured or fabricated in the Far East. After experiencing some success, P attempted to sell his products to a domestic chain of nationwide retail electronics outlets. The retailer, as a matter of business policy, would not purchase products manufactured in the Far East from a domestic company.
Read the full summary
P held stock in two domestic corporations which were engaged in design, manufacture, and sale of electronic products. The products were manufactured or fabricated in the Far East. After experiencing some success, P attempted to sell his products to a domestic chain of nationwide retail electronics outlets. The retailer, as a matter of business policy, would not purchase products manufactured in the Far East from a domestic company. The domestic corporations formed foreign subsidiaries with which the national retailer began doing business. The business and assets of the domestic corporations…
1Opinion of the Court
HOWARD S. TELLER AND MEI-LI TELLER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Teller v. Commissioner
Docket No. 20317-88
United States Tax Court
T.C. Memo 1992-402; 1992 Tax Ct. Memo LEXIS 424; 64 T.C.M. (CCH) 166;
July 15, 1992, Filed
Decision will be entered under Rule 155.
P held stock in two domestic corporations which were engaged in design, manufacture, and sale of electronic products. The products were manufactured or fabricated in the Far East. After experiencing some success, P attempted to sell his products to a domestic chain of nationwide retail electronics outlets. The…
2Cases cited23 opinions
- Neely v. CommissionerUnited States Tax Court · 1985
- Bixby v. CommissionerUnited States Tax Court · 1972
- United States v. CartwrightSupreme Court of the United States · 1973
- Malat v. RiddellSupreme Court of the United States · 1966
- Jasionowski v. CommissionerUnited States Tax Court · 1976
18 more not listed; retrieve them via the Exa API.