Visintainer v. Commissioner
United States Tax Court
Income from a sheep-ranching business consisting principally of the proceeds from the sale of wool and lambs, held, taxable to the petitioner, notwithstanding his assignment of a portion of the sheep to his minor children as gifts.
1Opinion of the Court
OPINION.
LeMere, Judge’.
The first and principal issue here relates to the treatment of the income allocated to and reported by the petitioner’s four minor children as earnings attributable to the sheep which the petitioner assigned to them in 1942. There is no question of a family partnership, as petitioner points out in his brief. There was never any partnership agreement or any arrangement whereby petitioner and the children were to operate the ranch as a joint venture. The petitioner simply undertook to convey to each of his four children by a bill of sale a certain number of sheep,…
2Cases cited9 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Helvering v. HorstSupreme Court of the United States · 1940
- Commissioner v. TowerSupreme Court of the United States · 1946
- Corliss v. BowersSupreme Court of the United States · 1930
- Douglas v. WillcutsSupreme Court of the United States · 1935
4 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Visintainer v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1951
- Vance v. CommissionerUnited States Tax Court · 1950
- Bentley v. CommissionerUnited States Tax Court · 1950
- Stanton v. CommissionerUnited States Tax Court · 1950
- Williamson v. CommissionerUnited States Tax Court · 1954
11 more not listed; retrieve them via the Exa API.