Legal Opinion
Commissioner of Internal Revenue v. Olds
Court of Appeals for the Sixth Circuit
Decided June 29, 1932No. 5853PublishedCited by 27 opinions
1Opinion of the Court
MOORMAN, Circuit Judge.
The question for decision in this case is whether an agreement which respondent made with his three daughters constituted a partnership within the meaning of section 218 (a) of the Revenue Acts of 1918 and 1921 (40 Stat. 1070, 42 Stat. 245).
The respondent conducted a dock and timber business in Cheboygan, Mich, lie had three daughters, one married and two unmarried. Desiring to train his daughters in the handling of large sums of money, and wishing to divide Ms property during Ms lifetime so as to avoid any family disputes after his death, in December of 1918 he entered…
2Cases cited23 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- Burnet v. LeiningerSupreme Court of the United States · 1932
- Pritchard v. NortonSupreme Court of the United States · 1882
- Goltra v. WeeksSupreme Court of the United States · 1926
- Beecher v. BushMichigan Supreme Court · 1881
18 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Fegley v. HigginsCourt of Appeals for the Sixth Circuit · 1994
- Fegley v. HigginsCourt of Appeals for the Sixth Circuit · 1994
- Champlin v. CommissionerCourt of Appeals for the Tenth Circuit · 1934
- Saenger v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1934
- Tracy v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1934
22 more not listed; retrieve them via the Exa API.