United States v. Phellis

Infobox SCOTUS case
Litigants=United States v. Phellis
ArgueDate=October 11
ArgueYear=1921
DecideDate=November 21
DecideYear=1921
FullName=United States v. C. W. Phellis
USVol=257
USPage=156
Citation=42 S.Ct. 63
Prior=
Subsequent=
Holding=Shares in a subsidiary corporation issued to stockholders in the parent corporation are taxable as income.
SCOTUS=1921-1922
Majority=Pitney
JoinMajority=Taft, McKenna, Holmes, Day, Brandeis, Clarke
Dissent=McReynolds
JoinDissent=Van Devanter
LawsApplied=

"United States v. Phellis", 257 U.S. 156 (1921), was a decision by the United States Supreme Court, which held that shares in a subsidiary corporation issued to stockholders in the parent corporation were taxable as income.

ee also

*List of United States Supreme Court cases, volume 257
*"Eisner v. Macomber"

Further reading

*cite journal |last=Beale |first=Joseph H. |authorlink= |coauthors= |year=1923 |month= |title=Stockholders and the Federal Income Tax |journal=Harvard Law Review |volume=37 |issue=1 |pages=1–14 |doi=10.2307/1328405 |url= |accessdate= |quote=
*cite journal |last=Powell |first=Thomas Reed |authorlink= |coauthors= |year=1922 |month= |title=Income from Corporate Dividends |journal=Harvard Law Review |volume=35 |issue=4 |pages=363–392 |doi=10.2307/1328647 |url= |accessdate= |quote=

External links

* [http://www.enfacto.com/case/U.S./257/156/ United States v. Phellis, 257 U.S. 156 (1921)] (opinion full text).