Mason v. RoutzahnAnnotate this Case
275 U.S. 175 (1927)
U.S. Supreme Court
Mason v. Routzahn, 275 U.S. 175 (1927)
Mason v. Routzahn
Argued October 6, 1927
Decided November 21, 1927
275 U.S. 175
1. Dividends paid in 1917, when there were net profits made in 1916 sufficient for the purpose and no net profits had been made in 1917 prior to the payment, are taxable to the shareholder at the 1916 rate, though profits were accumulated by the corporation in 1917 subsequently to the payment of the dividends. Revenue Act 1916, § 31(b) as amended 1917. See Edwards v. Douglas,269 U. S. 204. P. 275 U. S. 177.
2. The date of payment, not the date of declaration, of the dividend is the date of distribution within the meaning of § 31(b), supra. P. 275 U. S. 178.
13 F.2d 702 reversed.
Certiorari, 273 U.S. 687, to a judgment of the, circuit court of appeals which reversed a judgment rendered by the district court, 8 F.2d 56, in favor of Mason, plaintiff in an action to recover money paid to the Collector, under protest, as a tax on dividends.
Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.