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1. Minton v. Comm'r, No. 08-60284, UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT, March 13, 2009, Filed

OVERVIEW: Taxpayer was properly assessed a deficiency under I.R.C. § 1366 because she failed to meet burden to show that directors of family-owned company took any formal action sufficient to bind the company to affect distribution and liquidation rights so that the transaction created a second class of stock and terminated small business corporation status.

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