Rhoads v. Commissioner
United States Tax Court
Ps operated a dental practice through two corporations owned by them. P Corp. provided dental care to patients. S Corp. provided support to the dental practice and held title to the tangible assets of such practice. Held: (1) S Corp. was formed for a valid business purpose and engaged in business activity. Therefore, S Corp. is entitled to recognition for Federal income tax purposes. (2) Deficiency determined with respect to Ps' dental practice is redetermined.
1Opinion of the Court
CECIL D. RHOADS AND JANET RHOADS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Rhoads v. Commissioner
Docket No. 18996-84.
United States Tax Court
T.C. Memo 1987-335; 1987 Tax Ct. Memo LEXIS 335; 53 T.C.M. (CCH) 1308; T.C.M. (RIA) 87335;
July 7, 1987.
Ps operated a dental practice through two corporations owned by them. P Corp. provided dental care to patients. S Corp. provided support to the dental practice and held title to the tangible assets of such practice. Held:(1) S Corp. was formed for a valid business purpose and engaged in business activity. Therefore, S Corp. is entitled…
2Cases cited17 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Commissioner v. FlowersSupreme Court of the United States · 1946
- Moline Properties, Inc. v. CommissionerSupreme Court of the United States · 1943
- United States v. CorrellSupreme Court of the United States · 1967
- W. Horace Williams, Sr., and Viola Bloch Williams v. United StatesCourt of Appeals for the Fifth Circuit · 1957
12 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Weeldreyer v. Comm'rUnited States Tax Court · 2003