Fainblatt v. Commissioner
United States Tax Court
Facts found in an earlier proceeding involving the same partnership, including a finding of a business purpose, stipulated in this proceeding as being correct, held, to justify present finding that the general partners are not taxable on partnership income credited to their wives as limited partners, notwithstanding a contrary result in the earlier proceeding prior to Commissioner v. Culbertson, 337 U.S. 733.
1Opinion of the Court
Leon Fainblatt, Petitioner, v. Commissioner of Internal Revenue, Respondent. Irving Fainblatt, Petitioner, v. Commissioner of Internal Revenue, Respondent
Fainblatt v. Commissioner
Docket Nos. 55733, 55734
United States Tax Court
27 T.C. 989; 1957 U.S. Tax Ct. LEXIS 237;
March 22, 1957, Filed
Decisions will be entered under Rule 50.
Facts found in an earlier proceeding involving the same partnership, including a finding of a business purpose, stipulated in this proceeding as being correct, held, to justify present finding that the general partners are not taxable on partnership income credited to…
2Cases cited2 opinions
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Fainblatt v. CommissionerUnited States Tax Court · 1957