Boyt v. Commissioner
United States Tax Court
1. Deduction -- Salary of Employee. -- Amount allowed by respondent sustained, upon failure to show extent or value of services rendered. 2. Partnership. -- Held, that three wives became bona fide partners in a general partnership with their respective husbands and several other persons. 3. Trusts -- Share of Partnership Net Income. -- Certain members of a general partnership made transfers in trust by gifts of percentage interests in the partnership.
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1. Deduction -- Salary of Employee. -- Amount allowed by respondent sustained, upon failure to show extent or value of services rendered. 2. Partnership. -- Held, that three wives became bona fide partners in a general partnership with their respective husbands and several other persons. 3. Trusts -- Share of Partnership Net Income. -- Certain members of a general partnership made transfers in trust by gifts of percentage interests in the partnership. The trusts were neither partners nor subpartners or joint venturers with the respective grantors. Each grantor retained dominion and control…
1Opinion of the Court
J. W. Boyt, et al., 1 Petitioners, v. Commissioner of Internal Revenue, Respondent
Boyt v. Commissioner
Docket Nos. 23940, 23941, 23942, 23943, 23944, 23945, 23946, 23947
United States Tax Court
18 T.C. 1057; 1952 U.S. Tax Ct. LEXIS 100;
September 19, 1952, Promulgated
Decisions will be entered under Rule 50.
1. Deduction -- Salary of Employee. -- Amount allowed by respondent sustained, upon failure to show extent or value of services rendered.
2. Partnership. -- Held, that three wives became bona fide partners in a general partnership with their respective husbands and several other persons.
3.…
2Cases cited1 opinion
- Boyt v. CommissionerUnited States Tax Court · 1952