1. Home
  2. Browse Decisions
  3. U.S.
  4. 483 U.S.
  5. 483 U.S. 89 (1987)
 

COMMISSIONER OF INTERNAL REVENUE v. FINK

No. 86-511.

483 U.S. 89 (1987)

COMMISSIONER OF INTERNAL REVENUE v. FINK ET AL.

Supreme Court of United States.

Decided June 22, 1987

Attorney(s) appearing for the Case

Alan I. Horowitz argued the cause for petitioner. With him on the briefs were Solicitor General Fried, Assistant Attorney General Olsen, Deputy Solicitor General Lauber, and Jonathan S. Cohen.

Matthew J. Zinn argued the cause for respondents. With him on the brief were Susan H. Serling, J. Walker Johnson, W. Merritt Jones, Jr., and Mark K. Wilson.*

JUSTICE POWELL delivered the opinion of the Court.

The question in this case is whether a dominant shareholder who voluntarily surrenders a portion of his shares to the corporation, but retains control, may immediately deduct from taxable income his basis in the surrendered shares.

I

Respondents Peter and Karla Fink were the principal shareholders of Travco Corporation, a Michigan manufacturer of motor homes. Travco had one class of common stock...

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