National Builders, Inc. v. Secretary of War
United States Tax Court
The petitioners, members of a joint venture, were awarded by the United States Government, a negotiated contract to construct part of Camp McCoy, Sparta, Wisconsin, on April 16, 1942, under which construction was completed in October 1942, except that some repairs were made in 1943. The joint venture kept its books and made its tax returns on a cash basis for a fiscal year ending on March 31. The total contract price was $ 4,554,733.17. The Government paid $ 400,142.95 on…
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The petitioners, members of a joint venture, were awarded by the United States Government, a negotiated contract to construct part of Camp McCoy, Sparta, Wisconsin, on April 16, 1942, under which construction was completed in October 1942, except that some repairs were made in 1943. The joint venture kept its books and made its tax returns on a cash basis for a fiscal year ending on March 31. The total contract price was $ 4,554,733.17. The Government paid $ 400,142.95 on the contract in June 1942 and further payments aggregating $ 3,791,954.84 by October 19, 1942. The balance, $ 362,778.73,…
1Opinion of the Court
National Builders, Inc., B. H. Stahr Company, A. Hedenberg & Company, Inc., as Joint Venturers, Petitioners, v. Secretary of War, Respondent
National Builders, Inc. v. Secretary of War
Docket No. 165-R
United States Tax Court
16 T.C. 1220; 1951 U.S. Tax Ct. LEXIS 173;
May 31, 1951, Promulgated
The petitioners, members of a joint venture, were awarded by the United States Government, a negotiated contract to construct part of Camp McCoy, Sparta, Wisconsin, on April 16, 1942, under which construction was completed in October 1942, except that some repairs were made in 1943. The joint venture kept its…
Also in this document: Dissent.
2Cases cited8 opinions
- Psaty & Fuhrman, Inc. v. StimsonUnited States Tax Court · 1948
- Maguire Indus. v. Secretary of WarUnited States Tax Court · 1949
- The People v. . ClarkeNew York Court of Appeals · 1853
- Buck v. War Contracts Price Adjustment BoardUnited States Tax Court · 1948
- National Builders, Inc. v. Secretary of WarUnited States Tax Court · 1951
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