2009-12-16
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:
Undoubtedly the great majority of corporations owned by sole stockholders are "dummies" in the sense that their policies and day-to-day activities are determined not as decisions of the corporation but by their owners acting individually.
Ross Glove Company Et Al, v. Commissioner (July 23, 1973)
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