Memorandum Findings of Fact and Opinion
The Commissioner determined deficiencies in income tax for 1944 of $5,756.16 against Albert G. and Maud Rooks and $2,311.12 against Stuart B. White. The issues requiring decision are:
(1) Whether $17,000 paid by The Niles Creamery Company to its stockholders in May 1944 was taxable as an ordinary dividend;
(2) What were the tax consequences of transactions between the stockholders of The Niles Creamery Company...
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