Mattox v. Commissioner
United States Tax Court
Income from certain contracts payable to petitioner was payable to him because he owned substantially all the stock of a corporation which was one of the parties to one of the contracts and a party in interest to the other contract.
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Income from certain contracts payable to petitioner was payable to him because he owned substantially all the stock of a corporation which was one of the parties to one of the contracts and a party in interest to the other contract. Held, payments made under such contracts to petitioner and by him paid over to his wife under prior assignments to her of "all of the income and profits accruing and to accrue to him" under such contracts, are taxable to petitioner, notwithstanding such assignments. Petitioner remained the owner of substantially all the stock of the corporation, and the payments…
1Opinion of the Court
Ronald Mattox, Petitioner, v. Commissioner of Internal Revenue, Respondent
Mattox v. Commissioner
Docket No. 81
United States Tax Court
2 T.C. 586; 1943 U.S. Tax Ct. LEXIS 83;
August 14, 1943, Promulgated
Decision will be entered under Rule 50.
Income from certain contracts payable to petitioner was payable to him because he owned substantially all the stock of a corporation which was one of the parties to one of the contracts and a party in interest to the other contract. Held, payments made under such contracts to petitioner and by him paid over to his wife under prior assignments to her of "all…
2Cases cited1 opinion
- Mattox v. CommissionerUnited States Tax Court · 1943