Wolff v. Macauley
United States Tax Court
Petitioners are architects operating in partnership. During the calendar year 1942 they received payments aggregating $ 132,819.79 under four subcontracts which called for the design and supervision of construction of numerous buildings.
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Petitioners are architects operating in partnership. During the calendar year 1942 they received payments aggregating $ 132,819.79 under four subcontracts which called for the design and supervision of construction of numerous buildings. The respondent determined that petitioners' excessive profits under these four renegotiable contracts were $ 60,000 for the calendar year 1942, thus reducing the amount petitioners could retain to $ 72,819.79. Held: (1) This Court has jurisdiction of this proceeding. George M. Wolff et al. v. Macauley, 8 T. C. 146, followed. (2) Section 403 (c) (6) of the…
1Opinion of the Court
George M. Wolff and Truman E. Phillips, Co-Partners Doing Business Under the Firm Name of Wolff and Phillips, Petitioners v. Edward Macauley, Acting Chairman, U. S. Maritime Commission, Respondent
Wolff v. Macauley
Docket No. 498-R
United States Tax Court
12 T.C. 1217; 1949 U.S. Tax Ct. LEXIS 143;
June 30, 1949, Promulgated
Petitioners are architects operating in partnership. During the calendar year 1942 they received payments aggregating $ 132,819.79 under four subcontracts which called for the design and supervision of construction of numerous buildings. The respondent determined that…
Also in this document: Dissent.
2Cases cited2 opinions
- Wolff & Phillips v. MacauleyUnited States Tax Court · 1947
- Wolff v. MacauleyUnited States Tax Court · 1949