L. C. Bohart Plumbing & Heating Co. v. Commissioner
United States Tax Court
B Corp. adopted a plan of liquidation pursuant to which it distributed all of its assets to its sole shareholder within 24 months of adopting the plan. B Corp. did not designate any part of the distribution as a dividend. On its final Federal income tax return B Corp. did not identify itself as a personal holding company nor did it attach thereto Schedule PH which is required in the case of a personal holding company.
Read the full summary
B Corp. adopted a plan of liquidation pursuant to which it distributed all of its assets to its sole shareholder within 24 months of adopting the plan. B Corp. did not designate any part of the distribution as a dividend. On its final Federal income tax return B Corp. did not identify itself as a personal holding company nor did it attach thereto Schedule PH which is required in the case of a personal holding company. In the following year an agent of the Internal Revenue Service tentatively determined that B Corp. was a personal holding company and had undistributed personal holding company…
1Opinion of the Court
L. C. Bohart Plumbing & Heating Co., Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
L. C. Bohart Plumbing & Heating Co. v. Commissioner
Docket No. 6871-73
United States Tax Court
64 T.C. 602; 1975 U.S. Tax Ct. LEXIS 109;
July 21, 1975, Filed
Decision will be entered for the respondent.
B Corp. adopted a plan of liquidation pursuant to which it distributed all of its assets to its sole shareholder within 24 months of adopting the plan. B Corp. did not designate any part of the distribution as a dividend. On its final Federal income tax return B Corp. did not identify itself as a…
2Cases cited28 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- Bingler v. JohnsonSupreme Court of the United States · 1969
- Brewster v. GageSupreme Court of the United States · 1930
- Sanford v. CommissionerUnited States Tax Court · 1968
- William F. Sanford v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1969
23 more not listed; retrieve them via the Exa API.