Legal Opinion
South Tulsa Pathology Laboratory, Inc. v. Commissioner
United States Tax Court
Decided January 28, 2002No. 18557-98Unknown
1Opinion of the Court
118 T.C. No. 5
UNITED STATES TAX COURT SOUTH TULSA PATHOLOGY LABORATORY, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 18557-98. Filed January 28, 2002. P agreed to sell a portion of its business (clinical business) to N, a third party, pursuant to a prearranged sale that was structured as a spinoff. P’s basis in the clinical business’s assets was $105,015. On Oct. 29, 1993, P transferred the clinical business to a newly incorporated entity, S, in exchange for all of S’s stock, pursuant to sec. 368(a)(1)(D), I.R.C., and, on Oct. 30, 1993, P distributed the stock…
2Cases cited12 opinions
- United States v. CartwrightSupreme Court of the United States · 1973
- Marie H. Hamm v. Commissioner of Internal Revenue, William Hamm, Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Estate of Newhouse v. CommissionerUnited States Tax Court · 1990
- Estate of Cora R. Fitts, Deceased, J. Russel Fitts and Frank E. Tyler, Co-Executors v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1956
- Bd. of Regents, Etc. v. Natl. Collegiate Athletic Ass'nSupreme Court of Oklahoma · 1977
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