Barnes Theatre Ticket Service, Inc. v. Commissioner
United States Tax Court
Held: 1. Petitioner has failed to prove that its costs of operations for the years 1955 through 1958 exceeded the amounts allowed by the Commissioner. 2. Petitioner has proved that it did not receive income on sales made to other ticket brokers during such years. 3. A withdrawal of funds by Florence M. Barnes from the corporation in 1958 constituted the repayment of funds previously loaned by her to it.
1Opinion of the Court
Barnes Theatre Ticket Service, Inc. 1 v. Commissioner.
Barnes Theatre Ticket Service, Inc. v. Commissioner
Docket Nos. 1210-64 - 1212-64.
United States Tax Court
T.C. Memo 1967-250; 1967 Tax Ct. Memo LEXIS 11; 26 T.C.M. (CCH) 1290; T.C.M. (RIA) 67250;
December 18, 1967
Held: 1. Petitioner has failed to prove that its costs of operations for the years 1955 through 1958 exceeded the amounts allowed by the Commissioner. 2. Petitioner has proved that it did not receive income on sales made to other ticket brokers during such years. 3. A withdrawal of funds by Florence M. Barnes from the corporation in…
2Cases cited19 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Helvering v. TaylorSupreme Court of the United States · 1935
- Benjamin D. And Madeline Prentice Gilbert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Courtney v. CommissionerUnited States Tax Court · 1957
- Fred M. Archer and Evie B. Archer v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1955
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