1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 4 T.C.M.
  5. 4 T.C.M. 710 (1945)
 

J. A. FOLGER AND COMPANY v. COMMISSIONER

Docket No. 5014.

4 T.C.M. 710 (1945)

J. A. Folger and Company, a California corporation v. Commissioner.

United States Tax Court.

Entered June 25, 1945.

Attorney(s) appearing for the Case

Harry R. Horrow, Esq., for the petitioner. T. M. Mather, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The respondent determined deficiencies in income, declared value excess profits and excess profits taxes against J. A. Folger and Company for the year 1940 in the respective amounts of $178,103.68, $109,000.39 and $207,539.07.

The issue in controversy is whether, as a result of a distribution in kind made by the petitioner in 1940, the petitioner realized taxable income to the extent of the difference between the fair...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases