Bleser v. Commissioner
United States Board of Tax Appeals
The "investment company", of which petitioners' decedent was virtually sole stockholder, having indicated upon its income tax return, executed by decedent, that the alternative provided by the Revenue Act of 1932, section 104(d), of having the stockholders report their share of the corporation's income, was being availed of, held, decedent was bound thereby in spite of petitioners' present position that such reference was a clerical error; held further, the corporation was…
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The "investment company", of which petitioners' decedent was virtually sole stockholder, having indicated upon its income tax return, executed by decedent, that the alternative provided by the Revenue Act of 1932, section 104(d), of having the stockholders report their share of the corporation's income, was being availed of, held, decedent was bound thereby in spite of petitioners' present position that such reference was a clerical error; held further, the corporation was formed and availed of for the purpose described in section 104; held further, petitioners are taxable on decedent's…
1Opinion of the Court
ESTATE OF DANIEL C. BLESER, DECEASED, DANIEL B. BLESER AND MYRTLE S. BLESER, EXECUTORS, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bleser v. Commissioner
Docket No. 96062.
United States Board of Tax Appeals
41 B.T.A. 643; 1940 BTA LEXIS 1161;
March 21, 1940, Promulgated
The "investment company", of which petitioners' decedent was virtually sole stockholder, having indicated upon its income tax return, executed by decedent, that the alternative provided by the Revenue Act of 1932, section 104(d), of having the stockholders report their share of the corporation's income, was being…
2Cases cited2 opinions
- Bleser v. CommissionerUnited States Board of Tax Appeals · 1940
- Clay v. CommissionerUnited States Board of Tax Appeals · 1939