The respondent determined a deficiency in income tax for the year 1945 in the amount of $1,519.24.
The issue to be decided is whether a distribution received from a corporation by Katherine S. Mathis, in 1945, in the amount of $9,600, is fully taxable as a dividend.
FINDINGS OF FACT.
Petitioners are husband and wife, residing in Washington, D. C. They filed a joint return for the year 1945 with the collector of internal revenue for the district of...
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.