Tolmach v. Commissioner
United States Tax Court
Petitioner was a senior partner in a law partnership. The partnership was dissolved when other partners voted to dissolve the partnership and to continue the partnership business without petitioner. On dissolution, there was no written partnership agreement. An accounting was made, with a court-appointed referee determining the value of the dissolved partnership. The referee determined that a substantial portion of the value of the partnership was attributable to goodwill.
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Petitioner was a senior partner in a law partnership. The partnership was dissolved when other partners voted to dissolve the partnership and to continue the partnership business without petitioner. On dissolution, there was no written partnership agreement. An accounting was made, with a court-appointed referee determining the value of the dissolved partnership. The referee determined that a substantial portion of the value of the partnership was attributable to goodwill. A settlement agreement was entered into under which petitioner was to receive certain payments. Substantially all of such…
1Opinion of the Court
MILTON TOLMACH and ELAINE TOLMACH, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Tolmach v. Commissioner
Docket No. 18420-89
United States Tax Court
T.C. Memo 1991-538; 1991 Tax Ct. Memo LEXIS 592; 62 T.C.M. (CCH) 1102; T.C.M. (RIA) 91538;
October 29, 1991, Filed
Decision will be entered for the respondent.
Petitioner was a senior partner in a law partnership. The partnership was dissolved when other partners voted to dissolve the partnership and to continue the partnership business without petitioner. On dissolution, there was no written partnership agreement. An accounting was made,…
2Cases cited11 opinions
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Commissioner v. DanielsonCourt of Appeals for the Third Circuit · 1967
- Foxman v. CommissionerUnited States Tax Court · 1964
- Bernard D. Spector v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1981
- Neubecker v. CommissionerUnited States Tax Court · 1975
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