Respondent determined a deficiency in petitioners' income tax for the year 1951 in the amount of $25,049.82. By an amendment to their petition, petitioners claim an overpayment of income tax for the same year in the amount of "approximately $3,500."
The principal question is whether certain payments made by a corporation to and for a stockholder-employee are taxable as dividends to that employee. Also in issue is whether certain expenditures gave rise to allowable...
Let's get started
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.
