Bush 1 c/o Stonestreet Lands Co. v. Commissioner
United States Tax Court
Held, petitioner, a producing oil and gas well, found to be a mining partnership which did not qualify as an association taxable as a corporation.
1Opinion of the Court
DbeNNEN, Judge:
Respondent determined a deficiency in petitioner’s income tax for the taxable year 1961 in the amount of $535.20.
The principal issue for decision is whether petitioner was an association taxable as a corporation during the years 1960 and 1961. Petitioner filed partnership returns of income for both of the years 1960 and 1961, on which it reported a net loss for 1960 and a net profit for 1961. In his notice of deficiency, respondent determined that petitioner was an association taxable as a corporation for both years, made certain adjustments in the net loss reported by…
2Cases cited10 opinions
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Childers v. NeelyWest Virginia Supreme Court · 1899
- Commissioner of Internal Rev. v. Horseshoe L. SyndicateCourt of Appeals for the Fifth Circuit · 1940
- Hedges v. CommissionerUnited States Tax Court · 1964
5 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Anders v. CommissionerUnited States Tax Court · 1967
- Larson v. CommissionerUnited States Tax Court · 1976
- Anders v. CommissionerUnited States Tax Court · 1967
- Bush 1 c/o Stonestreet Lands Co. v. CommissionerUnited States Tax Court · 1967
- Larson v. CommissionerUnited States Tax Court · 1976