Fairfield Steamship Corp. v. Commissioner, 5 T.C. 566 (1945): Taxing Gains to the Corporation That实质上 Sold the Asset

August 7, 1945

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5 T.C. 566 (1945)

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A corporation cannot avoid tax liability on the sale of an asset by transferring the asset to its parent company in liquidation proceedings if the sale was already substantially negotiated by the subsidiary.

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Summary

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Fairfield Steamship Corporation (

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SCOTUS Reports

Fairfield Steamship Corp. v. Commissioner, 5 T.C. 566 (1945): Taxing Gains to the Corporation That实质上 Sold the Asset

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