Chaney & Hope, Inc. v. Commissioner
United States Tax Court
Alps Corp. was one of a group of corporations involved in the construction business. The stock in all of these corporations was owned by the same individuals and the percentage of the stock ownership which each of these individuals had in one corporation was approximately the same percentage that he had in any of the other corporations.
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Alps Corp. was one of a group of corporations involved in the construction business. The stock in all of these corporations was owned by the same individuals and the percentage of the stock ownership which each of these individuals had in one corporation was approximately the same percentage that he had in any of the other corporations. A majority interest in each of the corporations was held by one individual, H. H operated the corporations in the group in tandem with one another. Alps Corp. throughout its entire existence, never paid a dividend to its shareholders. During the fiscal years…
1Opinion of the Court
Chaney & Hope, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
Chaney & Hope, Inc. v. Commissioner
Docket No. 12431-78
United States Tax Court
80 T.C. 263; 1983 U.S. Tax Ct. LEXIS 124; 80 T.C. No. 6;
January 24, 1983, Filed
Decision will be entered for the respondent for the fiscal years 1973 and 1974, and for the petitioner for the period ended July 31, 1975.
Alps Corp. was one of a group of corporations involved in the construction business. The stock in all of these corporations was owned by the same individuals and the percentage of the stock ownership which each of these…
2Cases cited17 opinions
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- United States v. Donruss Co.Supreme Court of the United States · 1969
- The Smoot Sand & Gravel Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1960
- Faber Cement Block Co. v. CommissionerUnited States Tax Court · 1968
- Ivan Allen Co. v. United StatesSupreme Court of the United States · 1975
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