Leflang v. Commissioner

Decided February 1, 1927

United States Board of Tax Appeals · decided 1927-02-01

Income taxes assessed against a corporation and paid by a stockholder after he has received his final liquidating dividend, should be charged against such dividend and his return made for the year in which such dividend was received should be adjusted to express the true amount of such dividend.

Cited by 2 later decisions — most recently January 1935

Relies on Barker v. Commissioner · Cremin v. Commissioner

Good law ✅— No negative treatment on recordhow we know

Decided 1927-02-01

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¶1 *5OPINION.

Love :

¶2Assignments of error Nos. 1 and 2 having been abandoned by petitioner, those assignments and the questions raised by them are not here considered. The facts in the instant case place it within the purview of the Board’s decisions in Appeal of O. B. Barker, 3 B. T. A. 1180, and in E. F Cremin v. Commissioner, 5 B. T. A. 1164.

¶3We therefore sustain petitioner’s assignment of error No. 3. In all other respects the determination of the Commissioner is approved.

¶4Jvdgment will be entered on 15 days' notice, under Rule 50.