Dorba Homes, Inc. v. Commissioner
United States Tax Court
Petitioners were corporations, formed and owned either by Cook and Caldwell jointly, or individually, or jointly with their wives, and were all engaged in various phases of the real estate business conducted in the name of Caldwell & Cook, a partnership in which Cook and Caldwell were equal partners.
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Petitioners were corporations, formed and owned either by Cook and Caldwell jointly, or individually, or jointly with their wives, and were all engaged in various phases of the real estate business conducted in the name of Caldwell & Cook, a partnership in which Cook and Caldwell were equal partners. Held, each of the corporations was a viable entity which earned its own income through its own business activities, and the net income of the other 10 corporations for the years here involved is not taxable to corporate petitioner, Caldwell & Cook, Inc., under either sec. 61 or sec. 482, I.R.C.…
1Opinion of the Court
Dorba Homes, Inc., et al. * v. Commissioner.
Dorba Homes, Inc. v. Commissioner
Docket Nos. 972-65 - 981-65, 993-65.
United States Tax Court
T.C. Memo 1967-150; 1967 Tax Ct. Memo LEXIS 110; 26 T.C.M. (CCH) 693; T.C.M. (RIA) 67150;
July 13, 1967
Petitioners were corporations, formed and owned either by Cook and Caldwell jointly, or individually, or jointly with their wives, and were all engaged in various phases of the real estate business conducted in the name of Caldwell & Cook, a partnership in which Cook and Caldwell were equal partners. Held, each of the corporations was a viable entity which…
2Cases cited23 opinions
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- National Investors Corporation v. HoeyCourt of Appeals for the Second Circuit · 1944
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