Appeal of Truempy
1 B.T.A. 349
United States Board of Tax Appeals·Decided January 16, 1925·No. Docket No. 207·Published·Cited by 3 cases
Opinion
[350] OPINION.
The taxpayer’s sole contention is that since no part of the additional income of tbe partnership discovered by the revenue agent was actually distributed to him during the year 1920 he can not be taxed upon it. But section 218 of the Revenue Act of 1918 provides:
* * * there shall be included in computing the net income of each partner his distributive share, whether distributed or not, of the net income of the partnership for the taxable year * * *.
The determination of the Commissioner is approved.
Free access — add to your briefcase to read the full text and ask questions with AI
Appeal of Truempy, 1 B.T.A. 349 (bta 1925).
1 B.T.A. 349 (Appeal of Truempy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Baker v. United States
133 F. Supp. 666 (W.D. Oklahoma, 1955)
First Mechanics Bank v. Commissioner of Internal Rev.
91 F.2d 275 (Third Circuit, 1937)
Truempy v. Commissioner
1 B.T.A. 349 (Board of Tax Appeals, 1925)