Raymep Realty Corp. v. Commissioner
United States Tax Court
1. Four corporations were organized solely to hold legal title to various parcels of real property in order to forestall personal creditors of one of two partners who together formed and wholly owned the corporations.
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1. Four corporations were organized solely to hold legal title to various parcels of real property in order to forestall personal creditors of one of two partners who together formed and wholly owned the corporations. Held, that the corporate entity of corporation A in 1937, corporations B and C in 1939, and corporations B, C, and D in 1940, should be disregarded for tax purposes, and that the net profits or losses in those years from the realty owned by them were actually realized by the partners and taxable thereto. Held, further, that because corporation A engaged in business in 1939 and…
1Opinion of the Court
Raymep Realty Corp. Inc., and/or Samuel S. Paymer and Joseph J. Paymer, Directors and Trustees in Liquidation v. Commissioner. Rorden Realty Corp. and/or Samuel S. Paymer and Joseph J. Paymer, Directors and Trustees in Liquidation v. Commissioner. Samuel S. Paymer v. Commissioner. Joseph J. Paymer v. Commissioner.
Raymep Realty Corp. v. Commissioner
Docket Nos. 12375, 12376, 12377, 12378.
United States Tax Court
1948 Tax Ct. Memo LEXIS 202; 7 T.C.M. (CCH) 262; T.C.M. (RIA) 48069;
April 30, 1948
1. Four corporations were organized solely to hold legal title to various parcels of real property in…
2Cases cited7 opinions
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- Burnet v. ClarkSupreme Court of the United States · 1932
- Burnet v. Commonwealth Improvement Co.Supreme Court of the United States · 1932
- Dalton v. BowersSupreme Court of the United States · 1932
- Garrett Holding Corp. v. CommissionerUnited States Tax Court · 1947
2 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
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