Charles C. Cullen v. CIR

BVLaw
Full Text of Court Cases
March 3, 1950
3842 Orthopedic, Prosthetic, and Surgical Appliances and Supplies
339113 Surgical Appliance and Supplies Manufacturing
federal taxation

Charles C. Cullen v. CIR
14 T.C. 368
US
Federal Court
United States Tax Court
LeMire

Summary

The Tax Court concluded that a businessman did not receive any goodwill in the liquidation and conversion of his corporation to a sole proprietorship. It reasoned that the goodwill was personal to the businessman and remained his personal property absent ...
Charles C. Cullen v. CIR
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See Also

Goodwill Belonged to Sale Owner, Not Business

The Tax Court concluded that a businessman did not receive any goodwill in the liquidation and conversion of his corporation to a sole proprietorship.