1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 14 T.C.M.
  5. 14 T.C.M. 455 (1955)
 

REED v. COMMISSIONER

Docket No. 46726.

14 T.C.M. 455 (1955)

T.C. Memo. 1955-125

Joseph Verner Reed and Permelia P. Reed v. Commissioner.

United States Tax Court.

Filed May 19, 1955.

Attorney(s) appearing for the Case

Frank A. Zunino, Esq., 40 Wall Street, New York, N. Y., and Vincent J. Malone, Esq., for the petitioners. Ellyne E. Strickland, Esq., and Donald J. Fortman, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The respondent claims a deficiency in income tax in the amount of $35,485.73 for the year 1950 in this proceeding.

The only issue in controversy concerns the character of advances made by the petitioner, Joseph Verner Reed,1 to two corporations in which he was a prominent stockholder. In each case, the advances constituted the necessary...

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