Boulware v. United States
Case Details
- Case No.: 06-1509
- Jurisdiction: United States Supreme Court
Key Topics in the Case
Documents
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.
