Monroe v. Commissioner
United States Tax Court
Petitioner and his son executed an agreement of partnership under which his minor son agreed to devote his entire time to the business. The son, a minor, returned to school shortly after the agreement was executed. The facts show that he did not contribute any capital to the business originating with himself. Held, that petitioner is taxable on the entire income of the business.
1Opinion of the Court
M. M. Monroe, Petitioner, v. Commissioner of Internal Revenue, Respondent
Monroe v. Commissioner
Docket No. 6380
United States Tax Court
7 T.C. 278; 1946 U.S. Tax Ct. LEXIS 135;
June 28, 1946, Promulgated
Decision will be entered for the respondent.
Petitioner and his son executed an agreement of partnership under which his minor son agreed to devote his entire time to the business. The son, a minor, returned to school shortly after the agreement was executed. The facts show that he did not contribute any capital to the business originating with himself. Held, that petitioner is taxable on the…
2Cases cited7 opinions
- Helvering v. HorstSupreme Court of the United States · 1940
- Commissioner v. TowerSupreme Court of the United States · 1946
- Lusthaus v. CommissionerSupreme Court of the United States · 1946
- De Korse v. CommissionerUnited States Tax Court · 1945
- Ennis v. CommissionerUnited States Tax Court · 1945
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