United States v. Phellis
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|United States v. Phellis|
|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
|Shares in a subsidiary corporation issued to stockholders in the parent corporation are taxable as income.|
|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.
- 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.
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