1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 23 T.C.M.
  5. 23 T.C.M. 445 (1964)
 

ABBOTT v. COMMISSIONER

Docket No. 474-62.

23 T.C.M. 445 (1964)

T.C. Memo. 1964-65

Thomas F. Abbott, Jr., and Edith Abbott v. Commissioner.

United States Tax Court.

Filed March 13, 1964.

Attorney(s) appearing for the Case

Warren W. Shipman, III, Trans-American Life Bldg., Ft. Worth, Tex. and Robert W. Decker, for the petitioners. Willard Herbert, for the respondent.

Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent determined a deficiency in the income tax of petitioners for the year 1959 in the amount of $35,570.49. The sole issue is whether long-term capital gain realized upon the sale of stock is taxable to petitioners or is taxable to a controlled corporation to which the stock was transferred pursuant to a contract whereby the corporation agreed to sell the stock upon receipt.

Findings of...

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