Andrews v. Commissioner
United States Tax Court
1. Petitioner Curtis R. Andrews and another individual formed a partnership in 1938, which thereafter conducted several dancing schools. The partnership kept its books on the accrual system. It treated prepaid tuition receipts as deferred income, reporting as income each year that portion of the receipts which represented lessons taught during the year.
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1. Petitioner Curtis R. Andrews and another individual formed a partnership in 1938, which thereafter conducted several dancing schools. The partnership kept its books on the accrual system. It treated prepaid tuition receipts as deferred income, reporting as income each year that portion of the receipts which represented lessons taught during the year. When the partnership was terminated in 1948, it had prepaid tuition receipts in the amount of $ 272,958.80 in its Unearned Tuition account, which had not yet been taken into income. Petitioner operated one of the schools as a sole proprietor…
1Opinion of the Court
Curtis R. Andrews and Carol W. Andrews, Petitioners, v. Commissioner of Internal Revenue, Respondent. Curtis R. Andrews, Petitioner, v. Commissioner of Internal Revenue, Respondent
Andrews v. Commissioner
Docket Nos. 46065, 46066
United States Tax Court
23 T.C. 1026; 1955 U.S. Tax Ct. LEXIS 225;
March 15, 1955, Filed
Decisions will be entered under Rule 50.
1. Petitioner Curtis R. Andrews and another individual formed a partnership in 1938, which thereafter conducted several dancing schools. The partnership kept its books on the accrual system. It treated prepaid tuition receipts as deferred income,…
2Cases cited11 opinions
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Brown v. HelveringSupreme Court of the United States · 1934
- Beacon Publishing Company, a Kansas Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1955
- Johnston v. CommissionerUnited States Tax Court · 1950
- Your Health Club, Inc. v. CommissionerUnited States Tax Court · 1944
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