Brief filed: 11/13/2007
Documents
Boulware v. United States
United States Supreme Court; Case No. 06-1509
Argument(s)
Diversion of corporate funds to a shareholder of a corporation without earnings and profits automatically qualifies as a non-taxable return of capital up to the shareholder’s stock basis, even if the diversion was originally not labeled as a return of capital.
Author(s)
John L. Pollok, New York, NY.