[DOWNLOAD] "Estate of Martha M. Byers v. Commissioner of Internal Revenue" by United States Court Of Appeals For The Sixth Circuit # Book PDF Kindle ePub Free
eBook details
- Title: Estate of Martha M. Byers v. Commissioner of Internal Revenue
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 23, 1973
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 70 KB
Description
This is an appeal from a judgment of the Tax Court that Appellant had an income tax deficiency for the year 1965 and disallowing Appellant's claim for overpayment of income tax. Appellant and his brother were engaged in business related principally to the selling of automobiles and trucks. Their business was conducted through many corporations, most of which were wholly owned by their families. Both were officers of the corporations. While the corporate policy was not to make any loans to officers, employees and customers, the brothers personally loaned money to many companies and individuals over a period of forty years. These loans were made to officers, employees and customers of the business. This case involves financial assistance given to the J. W. Jaeger Company to settle outstanding debts.