Beets v. Renegotiation Board
United States Tax Court
C. J. Thorson and his son, George O. Thorson, organized a partnership in 1949 under the name of The Thorson Company to do business as a manufacturer's representative, selling products for airborne application and to render sales-engineering services. By January 1, 1952, they decided to convey their respective interests to petitioners, who were C. J.'s daughters and George's sisters.
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C. J. Thorson and his son, George O. Thorson, organized a partnership in 1949 under the name of The Thorson Company to do business as a manufacturer's representative, selling products for airborne application and to render sales-engineering services. By January 1, 1952, they decided to convey their respective interests to petitioners, who were C. J.'s daughters and George's sisters. C. J. and George were paid reasonable compensation as employees in 1954, as were two other sales engineer employees, all of whom performed personal services on behalf of the partnership and for its principals.…
1Opinion of the Court
Joan V. Beets and Marjorie C. Yeckel, Copartners, d.b.a. The Thorson Company, Petitioners, v. Renegotiation Board, Respondent
Beets v. Renegotiation Board
Docket No. 975-R
United States Tax Court
38 T.C. 677; 1962 U.S. Tax Ct. LEXIS 94;
August 22, 1962. Filed August 22, 1962, Filed
C. J. Thorson and his son, George O. Thorson, organized a partnership in 1949 under the name of The Thorson Company to do business as a manufacturer's representative, selling products for airborne application and to render sales-engineering services. By January 1, 1952, they decided to convey their respective interests…
2Cases cited8 opinions
- Stein Bros. Mfg. Co. v. Secretary of WarUnited States Tax Court · 1946
- Boeing Co. v. Renegotiation BoardUnited States Tax Court · 1962
- Greaves v. War Contracts Price Adjustment BoardUnited States Tax Court · 1948
- Vaughn Machinery Co. v. Renegotiation BoardUnited States Tax Court · 1958
- Finnie Co. v. United StatesUnited States Tax Court · 1959
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