Angelus Bldg. & Inv. Co. v. Commissioner

ANGELUS BUILDING & INVESTMENT CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Angelus Bldg. & Inv. Co. v. Commissioner

Docket Nos. 27089, 32736.

United States Board of Tax Appeals

20 B.T.A. 667; 1930 BTA LEXIS 2061;

September 5, 1930, Promulgated

Payments to stockholders carried on corporate books as interest held to be dividends.

Alex W. David, Esq., for the petitioner.

James L. Backstrom, Esq., for the respondent.

VAN FOSSAN

These proceedings were brought to redetermine the income taxes of the petitioner for the years 1922 and 1923 in the sums of $4,147.21 and $4,147.50,…