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Famous Tax Quote #22 - Redemption as a Step in a Reorganization


Famous Tax Quotes includes quotations from court opinions with language that is colorful or that concisely states an important tax principle. Readers are encouraged to send suggestions for upcoming Famous Tax Quotes.

Continuing our series on Famous Tax Quotes, today's Famous Tax Quote is:

Where a redemption of stock is one of a series of steps in a reorganization, the tax treatment is governed by the provisions of law relating to reorganizations.

Grubbs v. Commissioner, 39 T.C. 42 (1962)

Tags: 368 Corporate Reorgs, Other - Famous Tax Quotes