Sumner Redstone v. Comm’r, T.C. Memo. 2015-237 A conflict broke out in the Redstone family in 1971. Patriarch Mickey Redstone and his two sons, Edward and Sumner, were co-owners of the family business, each owning 100 shares. However, when the business was incorporated Mickey put up 48% of the capital, and the boys each contributed…
