Peerless Engraving Co. v. Commissioner
3 B.T.A. 464, 1926 BTA LEXIS 2660
Opinion
[467] OPINION.
From the evidence before ns, we are of the opinion that the taxpayer is not entitled to classification as a personal service corporation. It is true that the principal and only stockholder was regularly engaged in the active conduct of the business, but it can not be said that the taxpayer’s income was due primarily to his activities. Both capital and the activities of other employees were material income-producing factors.
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Peerless Engraving Co. v. Commissioner, 3 B.T.A. 464, 1926 BTA LEXIS 2660 (bta 1926).
3 B.T.A. 464 (Peerless Engraving Co. v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Appeal of Peerless Engraving Co.
3 B.T.A. 464 (Board of Tax Appeals, 1926)