Paper v. Commissioner
United States Board of Tax Appeals
Pursuant to an election given to stockholders in a resolution declaring corporate dividends, the petitioners elected to receive, and were paid, in corporation's preferred stock for their shares in the corporate earnings distributed. Held, in the circumstances shown, that the petitioners are taxable upon the stock they received as an ordinary corporate dividend.
1Opinion of the Court
JOSEPH PAPER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
DAVID PAPER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Paper v. Commissioner
Docket Nos. 59040, 64744.
United States Board of Tax Appeals
29 B.T.A. 523; 1933 BTA LEXIS 927;
December 12, 1933, Promulgated
Pursuant to an election given to stockholders in a resolution declaring corporate dividends, the petitioners elected to receive, and were paid, in corporation's preferred stock for their shares in the corporate earnings distributed. Held, in the circumstances shown, that the petitioners are taxable upon the…
2Cases cited1 opinion
- Paper v. CommissionerUnited States Board of Tax Appeals · 1933