Theodore Koppelman v. Commissioner of Internal Revenue

Third Circuit

Theodore Koppelman v. Commissioner of Internal Revenue

199 F.2d 955

Court of Appeals for the Third Circuit·Decided December 1, 1952·No. 10733_1·Published·Cited by 4 cases

Opinion

PER CURIAM.

In this family partnership case, the Tax Court rightly recognized that, as far as its validity for income tax purposes was concerned, it was governed by the rule of Commissioner v. Culbertson, 337 U.S. 733, 69 S.Ct. 1210, 93 L.Ed. 1659. So tested the Court found that the agreement in which the trustees of the trust or trusts created by the petitioner were named as a partner was not made in good faith and with a business purpose with intent to carry on an enterprise in partnership with the trust or trusts. There is ample evidence in the record considered as a whole to justify that finding.

The decision of the Tax Court will be affirmed.

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PER CURIAM.

In this family partnership case, the Tax Court rightly recognized that, as far as its validity for income tax purposes was concerned, it was governed by the rule of Commissioner v. Culbertson, 337 U.S. 733, 69 S.Ct. 1210, 93 L.Ed. 1659. So tested the Court found that the agreement in which the trustees of the trust or trusts created by the petitioner were named as a partner was not made in good faith and with a business purpose with intent to carry on an enterprise in partnership with the trust or trusts. There is ample evidence in the record considered as a whole to justify that finding.

The decision of the Tax Court will be affirmed.

Theodore Koppelman v. Commissioner of Internal Revenue, 199 F.2d 955 (3d Cir. 1952).

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Opinion

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