Hill, Farrer & Burrill, a General Partnership v. Commissioner of Internal Revenue

Ninth Circuit

Hill, Farrer & Burrill, a General Partnership v. Commissioner of Internal Revenue

594 F.2d 1282, 43 A.F.T.R.2d (RIA) 1083, 1979 U.S. App. LEXIS 15574

Court of Appeals for the Ninth Circuit·Decided April 9, 1979·No. 18-35950·Published

Opinion

594 F.2d 1282

79-1 USTC P 9339

HILL, FARRER & BURRILL, a General Partnership, Petitioner-Appellant,
v.
COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

No. 77-1967.

United States Court of Appeals,
Ninth Circuit.

April 9, 1979.

Jack R. White, Hill, Farrer & Burrill, Jack R. White, Los Angeles, Cal., for petitioner-appellant.

Gilbert E. Andrews, Myron C. Baum, Libero Martinelli, Jr., Washington, D. C., for respondent-appellee.

Petition to Review a Decision of the Tax Court of the United States.

Before WALLACE and TANG, Circuit Judges, and TURRENTINE, District Judge.*

PER CURIAM.

This is a Petition to Review a Decision of the Tax Court of the United States upholding a determination that appellant's employee profit-sharing plan, adopted June 27, 1975, and amended November 7, 1975, fails to qualify under Section 401 of the Internal Revenue Code. (26 U.S.C.). Under that plan some of appellant's employees were held to be "owner-employees" within the meaning of Section 401(c)(3)B of the Internal Revenue Code. Appellant appeals and contends the Tax Court erred in its construction of the foregoing section arguing that none of the 19 partners in the law firm owned more than a ten percent (10%) interest in the profit interest of the partnership. We disagree.

The judgment of the Tax Court is affirmed for the reasons stated in the opinion of Judge Featherston, 1976, 67 T.C. 411.

AFFIRMED.

*

The Honorable Howard B. Turrentine, United States District Judge, for the Southern District of California, sitting by designation

Free access — add to your briefcase to read the full text and ask questions with AI

594 F.2d 1282

79-1 USTC P 9339

HILL, FARRER & BURRILL, a General Partnership, Petitioner-Appellant,
v.
COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

No. 77-1967.

United States Court of Appeals,
Ninth Circuit.

April 9, 1979.

Jack R. White, Hill, Farrer & Burrill, Jack R. White, Los Angeles, Cal., for petitioner-appellant.

Gilbert E. Andrews, Myron C. Baum, Libero Martinelli, Jr., Washington, D. C., for respondent-appellee.

Petition to Review a Decision of the Tax Court of the United States.

Before WALLACE and TANG, Circuit Judges, and TURRENTINE, District Judge.*

PER CURIAM.

This is a Petition to Review a Decision of the Tax Court of the United States upholding a determination that appellant's employee profit-sharing plan, adopted June 27, 1975, and amended November 7, 1975, fails to qualify under Section 401 of the Internal Revenue Code. (26 U.S.C.). Under that plan some of appellant's employees were held to be "owner-employees" within the meaning of Section 401(c)(3)B of the Internal Revenue Code. Appellant appeals and contends the Tax Court erred in its construction of the foregoing section arguing that none of the 19 partners in the law firm owned more than a ten percent (10%) interest in the profit interest of the partnership. We disagree.

The judgment of the Tax Court is affirmed for the reasons stated in the opinion of Judge Featherston, 1976, 67 T.C. 411.

AFFIRMED.

*

The Honorable Howard B. Turrentine, United States District Judge, for the Southern District of California, sitting by designation

Hill, Farrer & Burrill, a General Partnership v. Commissioner of Internal Revenue, 594 F.2d 1282, 43 A.F.T.R.2d (RIA) 1083, 1979 U.S. App. LEXIS 15574 (9th Cir. 1979).

Pincite

594 F.2d 1282 (Hill, Farrer & Burrill, a General Partnership v. Commissioner of Internal Revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

Related