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Cir Vs. Fink

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  • US Supreme Court
  • Jun 22, 1987

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52 entries 1 linked 51 unlinked
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  1. Dickman Vs. Commissioner US Supreme Court · Feb 22, 1984
  2. U.S. 89 (1987) U.S. Supreme Court CIR v. Fink
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  3. U.S. 89 (1987) Commissioner of Internal Revenue v. Fink
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  4. In an unpublished opinion, the Tax Court sustained the Commissioner's determination for the reasons stated in Frantz v. Commissioner
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  5. if the other shareholders make proportionately smaller contributions, or no contribution at all. See, e.g., Sackstein v. Commissioner
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  6. Eskimo Pie Corp. v. Commissioner
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  7. dividend produces income because it increases the recipient's proportionate ownership of the corporation. Koshland v. Helvering
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  8. and so cannot be deducted immediately. Eskimo Pie Corp. v. Commissioner
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  9. E.g., Tilford v. Commissioner
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  10. Smith v. Commissioner
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  11. T.C. 622, 648 (1976), rev'd sub nom. Schleppy v. Commissioner
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  12. Downer v. Commissioner
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  13. Estate of Foster v. Commissioner
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  14. Miller v. Commissioner
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  15. Budd International Corp. v. Commissioner
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  16. Unitary or Fractional View for Non-Prorata Stock Surrenders, 48 U.Pitt.L.Rev. 905, 908 (1987). See, e.g., Smith v. Commissioner
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  17. Duell v. Commissioner
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  18. not result in an immediate loss. Rev.Rul. 69-368, 1969-2 Cum.Bull. 27. Thus, the Finks, unlike the taxpayer in Dickman v. Commissioner
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  19. The Court of Appeals for the Second Circuit affirmed the Tax Court's holding and agreed with its reasoning. Frantz v. Commissioner
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  20. held that a dominant shareholder's non- pro rata stock surrender does not give rise to an ordinary loss. Frantz v. Commissioner
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  21. Schleppy v. Commissioner
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  22. which by definition does not change the percentage ownership of any shareholder, is not a taxable event. Cf. Eisner v. Macomber
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  23. b)(3). A voluntary surrender, for no consideration, would not seem to qualify as a sale or exchange. Frantz v. Commissioner
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  24. d) (1986). Section 83 reversed the result in Downer v. Commissioner
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  25. question of tax law presented by this case was definitively answered by the Board of Tax Appeals in 1941. See Miller v. Commissioner
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  26. Those decisions were consistently followed for over 40 years, see, e.g., Smith v. Commissioner
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  27. Tilford v. Commissioner
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  28. Frantz v. Commissioner
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  29. American Express Inc. v. McMahon
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  30. Page 483 U. S. 103 Herman & MacLean v. Huddleston
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  31. Square D Co. v. Niagara
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  32. The principle applied in those decisions dates back even further. See Burdick v. Commissioner
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  33. Wright v. Conmissioner
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  34. between the Second and Sixth Circuits and the dissenting opinion of the four Tax Court Judges indicate. See Frantz v. Commissioner
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  35. Uncharacteristically, the Court does not begin its analysis by quoting any statutory language, cf. Blue Chip Stamps v. Manor
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  36. rests on constitutional grounds, because 'correction through legislative action is practically impossible.' Burnet v. Coronado
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  37. Thomas v. Washington
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  38. Gas Light Co., 448 U. S. 261 , 448 U. S. 272 -273, n. 18 (1980) (plurality opinion). See also Edelman v. Jordan
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  39. Boys Markets v. Retail
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  40. Swift & Co. v. Wickham
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  41. U.S. Supreme Court CIR v. Fink
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  42. Commissioner of Internal Revenue v. Fink
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  43. Sackstein v. Commissioner
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  44. Koshland v. Helvering
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  45. Cf. Eisner v. Macomber
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  46. See Miller v. Commissioner
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  47. Herman & MacLean v. Huddleston
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  48. See Burdick v. Commissioner
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  49. See Frantz v. Commissioner
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  50. Blue Chip Stamps v. Manor
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