Bartlett v. Commissioner
United States Board of Tax Appeals
1. Corporate stock received by a partnership as compensation for services rendered should be included in partnership net income at its fair market value when received. 2. In the circumstances disclosed the fair market value of rights to subscribe to stock of a different corporation from the one issuing the rights did not constitute a taxable dividend.
1Opinion of the Court
J. KEMP BARTLETT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
EDGAR ALLEN POE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ESTATE OF L. B. KEENE CLAGGETT, T. WEST CLAGGETT, J. KEMP BARTLETT AND EDGAR ALLEN POE, EXECUTORS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bartlett v. Commissioner
Docket Nos. 63629, 63630, 63632.
United States Board of Tax Appeals
28 B.T.A. 285; 1933 BTA LEXIS 1147;
June 6, 1933, Promulgated
1. Corporate stock received by a partnership as compensation for services rendered should be included in partnership net income at its…
2Cases cited1 opinion
- Bartlett v. CommissionerUnited States Board of Tax Appeals · 1933