Bennett v. Commissioner
United States Tax Court
Petitioner, under an exclusive contract to direct motion picture films for one producer, nevertheless contracted to produce a film for a second producer. About 5 months thereafter, petitioner and the first producer executed a contract whereby the first producer acquiesced in the arrangement with the second producer, and as consideration for such acquiescence, petitioner agreed to pay over a part of all sums received by him under his contract with the other producer.
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Petitioner, under an exclusive contract to direct motion picture films for one producer, nevertheless contracted to produce a film for a second producer. About 5 months thereafter, petitioner and the first producer executed a contract whereby the first producer acquiesced in the arrangement with the second producer, and as consideration for such acquiescence, petitioner agreed to pay over a part of all sums received by him under his contract with the other producer. Petitioner never paid over any amount in the tax year or thereafter. Petitioner was on the cash basis. Held, the entire sum…
1Opinion of the Court
Compton Bennett, Petitioner, v. Commissioner of Internal Revenue, Respondent
Bennett v. Commissioner
Docket No. 38197
United States Tax Court
23 T.C. 1073; 1955 U.S. Tax Ct. LEXIS 217;
March 29, 1955, Filed
Decision will be entered for the respondent.
Petitioner, under an exclusive contract to direct motion picture films for one producer, nevertheless contracted to produce a film for a second producer. About 5 months thereafter, petitioner and the first producer executed a contract whereby the first producer acquiesced in the arrangement with the second producer, and as consideration for such…
2Cases cited1 opinion
- Bennett v. CommissionerUnited States Tax Court · 1955