John G. Madden & Anne Madden v. Commissioner
United States Tax Court
Where law partnership agreement provided for payment of a percentage of the partnership earnings to the senior partner for a limited period, and in the event of his prior death such percentage should go to his estate for the remainder of the calendar year in which his death occurred, and thereafter, if the earnings permitted, $500 per month should be paid to his wife for a period of four years or until her prior death, held, income of the partnership, paid pursuant to such…
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Where law partnership agreement provided for payment of a percentage of the partnership earnings to the senior partner for a limited period, and in the event of his prior death such percentage should go to his estate for the remainder of the calendar year in which his death occurred, and thereafter, if the earnings permitted, $500 per month should be paid to his wife for a period of four years or until her prior death, held, income of the partnership, paid pursuant to such agreement, not taxable to surviving partners.
1Opinion of the Court
John G. Madden and Anne Madden v. Commissioner. Harry R. Freeman v. Commissioner.
John G. Madden & Anne Madden v. Commissioner
Docket Nos. 5075, 5076.
United States Tax Court
1946 Tax Ct. Memo LEXIS 143; 5 T.C.M. (CCH) 559; T.C.M. (RIA) 46158;
July 2, 1946
Where law partnership agreement provided for payment of a percentage of the partnership earnings to the senior partner for a limited period, and in the event of his prior death such percentage should go to his estate for the remainder of the calendar year in which his death occurred, and thereafter, if the earnings permitted, $500 per month…
2Cases cited12 opinions
- Bull v. United StatesSupreme Court of the United States · 1935
- In Re the Accounting of BrownNew York Court of Appeals · 1926
- Edwards v. ThomasSupreme Court of Missouri · 1877
- Coates v. CommissionerUnited States Tax Court · 1946
- Lawton v. CommissionerUnited States Tax Court · 1946
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