 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. (February 2024) (Learn how and when to remove this message) |
1921 United States Supreme Court case
| United States v. Phellis | |
|---|---|
 Supreme Court of the United States | |
| Argued October 11, 1921 Decided November 21, 1921 | |
| Full case name | United States v. C. W. Phellis |
| Citations | 257 U.S. 156 (more)42 S.Ct. 63; 66 L. Ed. 180; 1921 U.S. LEXIS 1328 |
| Holding | |
| Shares in a subsidiary corporation issued to stockholders in the parent corporation are taxable as income. | |
| Court membership | |
| |
| Case opinions | |
| Majority | Pitney, joined by Taft, McKenna, Holmes, Day, Brandeis, Clarke |
| Dissent | McReynolds, joined by Van Devanter |
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.
See also
Further reading
- Beale, Joseph H. (1923). "Stockholders and the Federal Income Tax". Harvard Law Review. 37 (1): 1–14. doi:10.2307/1328405. JSTOR 1328405.
- Powell, Thomas Reed (1922). "Income from Corporate Dividends". Harvard Law Review. 35 (4): 363–392. doi:10.2307/1328647. JSTOR 1328647.
External links
Works related to United States v. Phellis at Wikisource- Text of United States v. Phellis, 257 U.S. 156 (1921) is available from: Cornell CourtListener Findlaw Google Scholar Justia Library of Congress OpenJurist
 | This article related to the Supreme Court of the United States is a stub. You can help Misplaced Pages by expanding it. |
 | This tax-related article is a stub. You can help Misplaced Pages by expanding it. |