Memorandum Findings of Fact and Opinion
BRUCE, Judge:
Respondent determined a deficiency in income tax in the amount of $44,819.53 for the calendar year 1962. The only issue presented is whether the payment of $59,760 to petitioner W. P. Bunton, Sr., by the Bunton Seed Company reimbursing him for the amount he had previously paid to two minority stockholders for all of their stock in the corporation constitutes a dividend. Another issue raised in the petition...
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.
