§1118
1 cases·1 cited
Statute Text — 26 U.S.C. §1118
Statute text not available for this section.
1 Citing Cases
Law section 1118 (McKinney 2003). Petitioner and his siblings could not agree with their father regarding the fair value of the corporation; thus, litigation ensued that eventually resulted in a settlement. Petitioner sold his shares in Leas-Co to his father on August 12, 2009. Leas-Co's 2007 Form 1120S, U.S. Income Tax Return for an S Corporation, rep