George E. Johnson and Sylvia v. Johnson v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that the taxpayers in that case “were always free to sell their stock at the exchange price”
• noting that the taxpayers in that case “were always free to sell their stock at the exchange price”
• “[t]he obvious reason for using the exchange price as the fair market value of the stock is that such price is the best evidence of what a willing buyer will pay a willing seller for the stock”

Source: CourtListener parenthetical corpus (CC0).