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Arrowsmith v. Commissioner, 344 U.S. 6 (1952), is a landmark United States Supreme Court case regarding taxation. The case involves taxpayers who liquidated a corporation in 1937. The taxpayers (properly) reported the income from the liquidation as long-term capital gains, thus obtaining a preferential tax rate. Subsequent to the liquidation in ...
Moore v. United States, 602 U.S. 572 (2024), was a United States Supreme Court case related to the ability of the federal government to tax unrealized gains as income. The Supreme Court upheld the Mandatory Repatriation Tax (MRT).
Eisner v. Macomber, 252 U.S. 189 (1920), was a tax case before the United States Supreme Court that is notable for the following holdings: . A pro rata stock dividend where a shareholder received no actual cash or other property and retained the same proportionate share of ownership of the corporation as was held prior to the dividend by the shareholder was not income to the shareholder under ...
Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Delaware Supreme Court 1986) in certain limited circumstances indicating that the "sale" or "break-up" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular responsibility of the board being to ...
Hughes Court (February 24, 1930 – June 30, 1941) Stone Court (July 3, 1941 – April 22, 1946) Vinson Court (June 24, 1946 – September 8, 1953) Warren Court (October 5, 1953 – June 23, 1969) Burger Court (June 23, 1969 – September 26, 1986) Rehnquist Court (September 26, 1986 – September 3, 2005) Roberts Court (September 29, 2005 ...
The Court of Appeals erred in denying the Kentucky attorney general’s motion to intervene on the Commonwealth’s behalf in litigation concerning Kentucky House Bill 454. United States v. Tsarnaev: 20-443: 2022-3-4 The judgment of the Court of Appeals vacating Tsarnaev's capital sentences is reversed. FBI v. Fazaga: 20-828: 2022-3-4
This is why all Washingtonians should be paying close attention to what the state Supreme Court decides on the capital gains income tax. I attended the recent court hearing in person and feel much ...
Corn Products Refining Company v. Commissioner, 350 U.S. 46 (1955), is a United States Supreme Court decision that helps taxpayers classify whether or not the disposition of a commodity futures contract by a business of raw materials as part of its hedging of business risk is an ordinary or capital gain or loss for income tax purposes.