Harris v. Commissioner
United States Board of Tax Appeals
1. Amount paid in to a so-called strike fund by a partnership of which petitioner was a member held deductible as an expense and petitioner's distributive share of partnership income should be reduced accordingly. 2. Held, the assignment by petitioner of an interest in property of a partnership of which he was a member did not operate to exclude from his income his distributive share of the partnership income. 3. The Commissioner's application of the provisions of section…
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1. Amount paid in to a so-called strike fund by a partnership of which petitioner was a member held deductible as an expense and petitioner's distributive share of partnership income should be reduced accordingly. 2. Held, the assignment by petitioner of an interest in property of a partnership of which he was a member did not operate to exclude from his income his distributive share of the partnership income. 3. The Commissioner's application of the provisions of section 226(c) of the Revenue Act of 1921 approved.
1Opinion of the Court
SAM H. HARRIS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Harris v. Commissioner
Docket Nos. 8614, 9623.
United States Board of Tax Appeals
11 B.T.A. 871; 1928 BTA LEXIS 3690;
April 30, 1928, Promulgated
1. Amount paid in to a so-called strike fund by a partnership of which petitioner was a member held deductible as an expense and petitioner's distributive share of partnership income should be reduced accordingly.
2. Held, the assignment by petitioner of an interest in property of a partnership of which he was a member did not operate to exclude from his income his distributive…
2Cases cited1 opinion
- Harris v. CommissionerUnited States Board of Tax Appeals · 1928