United States v. Phellis

United States v. Phellis
Supreme Court of the United States
Argued October 11, 1921 Decided November 21, 1921
Full case name	United States v. C. W. Phellis
Citations	257 U.S. 156 (more) 42 S.Ct. 63; 66 L. Ed. 180; 1921 U.S. LEXIS 1328
Holding
Shares in a subsidiary corporation issued to stockholders in the parent corporation are taxable as income.
Court membership
Chief Justice William H. Taft Associate Justices Joseph McKenna · Oliver W. Holmes Jr. William R. Day · Willis Van Devanter Mahlon Pitney · James C. McReynolds Louis Brandeis · John H. Clarke
Case opinions
Majority	Pitney, joined by Taft, McKenna, Holmes, Day, Brandeis, Clarke
Dissent	McReynolds, joined by Van Devanter

United States v. Phellis, 257 U.S. 156 (1921), was a decision by the United States Supreme Court, which held that shares in a subsidiary corporation issued to stockholders in the parent corporation were taxable as income.

• List of United States Supreme Court cases, volume 257

• Beale, Joseph H. (1923). "Stockholders and the Federal Income Tax". Harvard Law Review. 37 (1): 1–14. doi:10.2307/1328405. JSTOR 1328405.
• Powell, Thomas Reed (1922). "Income from Corporate Dividends". Harvard Law Review. 35 (4): 363–392. doi:10.2307/1328647. JSTOR 1328647.

• Works related to United States v. Phellis at Wikisource
• Text of United States v. Phellis, 257 U.S. 156 (1921) is available from: Cornell CourtListener Findlaw Google Scholar Justia Library of Congress OpenJurist