Fischer v. Commissioner
United States Tax Court
Petitioner and two sons formed a partnership, to which all contributed capital and services. The partnership was held to be bona fide and valid for income tax purposes in William F. Fischer, 5 T. C. 507. Held, that the transaction did not result in taxable gift from petitioner under sections 501 and 503 of Revenue Act of 1932.
1Opinion of the Court
William F. Fischer, Petitioner, v. Commissioner of Internal Revenue, Respondent
Fischer v. Commissioner
Docket No. 6470
United States Tax Court
8 T.C. 732; 1947 U.S. Tax Ct. LEXIS 245;
March 31, 1947, Promulgated
Decision will be entered for the petitioner.
Petitioner and two sons formed a partnership, to which all contributed capital and services. The partnership was held to be bona fide and valid for income tax purposes in William F. Fischer, 5 T. C. 507. Held, that the transaction did not result in taxable gift from petitioner under sections 501 and 503 of Revenue Act of 1932.
Chester J. McGuire,…
2Cases cited2 opinions
- Fischer v. CommissionerUnited States Tax Court · 1945
- Fischer v. CommissionerUnited States Tax Court · 1947