Farnsworth v. Commissioner

BIGGS, Chief Judge.

In these cases the petitioners-taxpayers, the executors of the decedent Farnsworth,1 the senior or managing partner in a series of partnerships styled “Fams*662worth & Farnsworth” over a number of years, seek to deduct from Farnsworth’s federal income tax bases for the years 1952 and 1953 amounts paid by him to the State of New York by way of compromise of claims asserted by the New York State Tax Commission for taxes due from the partnerships under the Unincorporated Business Tax Law of New York, 59 McKinney’s Consol.Laws of New York, c. 60, Section 386 et seq., and sums paid…