1. Home
  2. Browse Decisions
  3. T.C.
  4. 58 T.C.
  5. 58 T.C. 985 (1972)
 

PARKER OIL CO. v. COMMISSIONER

Docket No. 4907-69.

58 T.C. 985 (1972)

PARKER OIL COMPANY, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed September 21, 1972.

Attorney(s) appearing for the Case

Henry B. Steagall II, for the petitioner.

Henry C. Stockell, Jr., and J. Leon Fetezer, for the respondent.

GOFFE, Judge:

Respondent determined a deficiency in petitioner's Federal income tax for the taxable year ending June 30, 1967, in the amount of $56,985.10.

The sole issue for decision is whether the election of Parker Oil Co. to be taxed as a small business corporation under the provisions of section 1372(e)(3)1 terminated in 1966 for failure to comply with the requirement of section 1371(a)(4) that the corporation have...

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