Ford v. Commissioner
United States Tax Court
Petitioners Clarence B. Ford, Wade E. Moore, and Vern Forcum each originally had a 25 per cent interest in the Forcum-James Construction Company, a partnership, prior to 1940. In 1940 and 1941, each petitioner, with the consent of the other partners, transferred portions of his 25 per cent interest to members of his respective family.
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Petitioners Clarence B. Ford, Wade E. Moore, and Vern Forcum each originally had a 25 per cent interest in the Forcum-James Construction Company, a partnership, prior to 1940. In 1940 and 1941, each petitioner, with the consent of the other partners, transferred portions of his 25 per cent interest to members of his respective family. After such transfers a partnership agreement was entered into admitting to the partnership of Forcum-James Construction Company the parties to whom such transfers had been made. Held, these partnership agreements were entered into by the parties with a bona fide…
1Opinion of the Court
Clarence B. Ford, Petitioner, v. Commissioner of Internal Revenue, Respondent. Estate of Wade E. Moore, Deceased, Madge M. Moore, Executrix, Petitioner, v. Commissioner of Internal Revenue, Respondent. Vern Forcum, Petitioner, v. Commissioner of Internal Revenue, Respondent
Ford v. Commissioner
Docket Nos. 9391, 9392, 9393
United States Tax Court
19 T.C. 200; 1952 U.S. Tax Ct. LEXIS 48;
November 12, 1952, Promulgated
Decisions will be entered under Rule 50.
Petitioners Clarence B. Ford, Wade E. Moore, and Vern Forcum each originally had a 25 per cent interest in the Forcum-James Construction…
Also in this document: Dissent.
2Cases cited1 opinion
- Ford v. CommissionerUnited States Tax Court · 1952