Ketter v. Commissioner
United States Tax Court
P operated an accounting practice as a sole proprietorship. During December 1968, P established eight trusts for the benefit of his six children and college alma mater. He transferred to these trusts work in progress of his accounting proprietorship, and employment contracts covering his employees.
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P operated an accounting practice as a sole proprietorship. During December 1968, P established eight trusts for the benefit of his six children and college alma mater. He transferred to these trusts work in progress of his accounting proprietorship, and employment contracts covering his employees. The trusts formed a partnership to provide accounting services for accountants, transferring the work in progress and the employment contracts to the partnership, and hired P as manager. The partnership performed those services under P's direction with the employees encompassed by the employment…
1Opinion of the Court
Melvin P. Ketter and Mildred J. Ketter, Petitioners v. Commissioner of Internal Revenue, Respondent
Ketter v. Commissioner
Docket No. 1661-74
United States Tax Court
70 T.C. 637; 1978 U.S. Tax Ct. LEXIS 80;
August 9, 1978, Filed
Decision will be entered for respondent.
P operated an accounting practice as a sole proprietorship. During December 1968, P established eight trusts for the benefit of his six children and college alma mater. He transferred to these trusts work in progress of his accounting proprietorship, and employment contracts covering his employees. The trusts formed a partnership to…
2Cases cited19 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- Woodbury v. CommissionerUnited States Tax Court · 1967
- Max Kuney, Jr., and Constance K. Kuney, His Wife Max J. Kuney, Sr., Olive R. Kuney v. William E. Frank, District Director of Internal RevenueCourt of Appeals for the Ninth Circuit · 1962
- Krause v. CommissionerUnited States Tax Court · 1972
- Adolph K. Krause and Janet S. Krause v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1974
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