WENTWORTH v. COMMISSIONER OF INTERNAL REVENUE, 25 T.C. 1210 (1956) C. H. WENTWORTH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT. Docket No. 51260.United States Tax Court. Filed March 12, 1956. A corporation in 1944 credited the accounts receivable account of its controlling stockholder for $180,000, and debited its capital account for the same amount. Earned surplus […]
