Niederkrome v. Commissioner
United States Tax Court
1. Held, L. R. Bentson was not a bona fide participant in the transactions leading up to the acquisition by petitioners of the stock of Oregon Motor Stages and was not a bona fide stockholder in such company.
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1. Held, L. R. Bentson was not a bona fide participant in the transactions leading up to the acquisition by petitioners of the stock of Oregon Motor Stages and was not a bona fide stockholder in such company. Held, further, for failure of proof of error, respondent's determination that the corporate distributions by Oregon Motor Stages, in retirement of 350 shares of its stock issued in the name of L. R. Bentson and in payment of certain incidental expenses, were made at a time or under such circumstances as to be essentially equivalent to dividends taxable to petitioners, is approved. 2.…
1Opinion of the Court
Fred C. Niederkrome et al. * v. Commissioner.
Niederkrome v. Commissioner
Docket Nos. 51491, 51526-51529, 51531, 51533.
United States Tax Court
T.C. Memo 1956-255; 1956 Tax Ct. Memo LEXIS 39; 15 T.C.M. (CCH) 1312; T.C.M. (RIA) 56255;
November 16, 1956
1. Held, L. R. Bentson was not a bona fide participant in the transactions leading up to the acquisition by petitioners of the stock of Oregon Motor Stages and was not a bona fide stockholder in such company. Held, further, for failure of proof of error, respondent's determination that the corporate distributions by Oregon Motor Stages, in retirement…
2Cases cited8 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Commissioner v. TowerSupreme Court of the United States · 1946
- Stern v. CommissionerUnited States Tax Court · 1950
- Wiese v. CommissionerUnited States Board of Tax Appeals · 1937
3 more not listed; retrieve them via the Exa API.