Legal Opinion
Klein v. Commissioner
United States Tax Court
Decided February 17, 1956No. Dockets Nos. 43026, 43464, 46287, 46314Published
1Opinion of the Court
OPINION.
Pierce, Judge:
1. The first issue involves a dispute between Na-deau’s executors and Klein as to the determination of the distributive shares of the partners in the ordinary net income or ordinary net loss of the Glider Blade Company. There is no controversy as to the amounts of such partnership net income or net loss for any of the periods involved; and also no dispute as to the amounts of the partnership’s gross sales for these periods, which are here a factor hi the determination of the distributive shares. Moreover, there appears to be no dispute that the amended partnership…
2Cases cited5 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Hellman v. United StatesUnited States Court of Claims · 1930
- Leola Johnson Bell and David Arthur Bell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1955
- Schwerin v. CommissionerDistrict Court, District of Columbia · 1944
- Travelers Fire Ins. v. TaylorCourt of Appeals for the Fifth Circuit · 1948