2013-08-28
The following is a quote from the U.S. Supreme Court articulating the separate entity doctrine:
As a general rule a corporation and its stockholders are deemed separate entities in respect to tax problems. Of course, the rule is subject to the qualification that the separate identity may be disregarded in exceptional situations . . . (Footnotes omitted)
New Colonial Ice Company, Inc. v. Helvering, 292 US 435 (1934)
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