MacPherson v. Commissioner
United States Board of Tax Appeals
Held that the petitioner is taxable on the net distributable profits of an enterprise in which he is engaged in proportion to the interest which he owns therein.
1Opinion of the Court
WARREN MACPHERSON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MacPherson v. Commissioner
Docket No. 34673.
United States Board of Tax Appeals
19 B.T.A. 651; 1930 BTA LEXIS 2355;
April 22, 1930, Promulgated
Held that the petitioner is taxable on the net distributable profits of an enterprise in which he is engaged in proportion to the interest which he owns therein.
Louis Kofsky, Esq., for the petitioner.
F. R. Shearer, Esq., for the respondent.
LANSDON
The respondent has asserted deficiencies in income tax for the years 1922 and 1923 in the respective amounts of $3,372.14 and…
2Cases cited1 opinion
- MacPherson v. CommissionerUnited States Board of Tax Appeals · 1930