Tuthill v. Commissioner
United States Board of Tax Appeals
Petitioner and his wife were joint venturers and the respondent erred in including the wife's share of profits in petitioner's income.
1Opinion of the Court
*888OPINION.
Arundell:
The evidence discloses that E. M. Welch was the head of a group which since 1908 and through the taxable years has been engaged in the purchase, sale and operation of a number of undertaking establishments. Whenever Welch discovered what he regarded as a good purchase he would call on those interested with him to pay their proportionate part of the purchase price and the *889business would be acquired. The business would then be operated until the opportunity offered to sell to advantage. Each acquisition was a separate transaction, but all were conducted under substantially the…
2Cited by5 opinions
- Rupple v. KuhlCourt of Appeals for the Seventh Circuit · 1949
- United States v. AtkinsCourt of Appeals for the Fifth Circuit · 1951
- Berkowitz v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1939
- Tuthill v. CommissionerUnited States Board of Tax Appeals · 1931
- United States v. AtkinsCourt of Appeals for the Fifth Circuit · 1951