William O. Jackson v. State of Indiana (mem. dec.)

How courts have described this case

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

• stating that payment of corporate expenses by shareholder generally constitutes “either a loan or a contribution to the capital of the corporation and * * * [is] deductible, if at all, by the corporation”
• \A shareholder is not entitled to a deduction from his individual income for payment of corporate expenses.\

Source: CourtListener parenthetical corpus (CC0).