Jacobs v. Commissioner
United States Tax Court
Payments were made by a medical partnership to a withdrawing partner in liquidation of his partnership interest. The terms of the payments were contained in an agreement modifying the partnership agreement. Held: that the modifying agreement specified that certain payments were with respect to goodwill and, therefore, the payments come within section 736(b) (1).
1Opinion of the Court
JULIAN E. JACOBS AND JANE S. JACOBS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Jacobs v. Commissioner
Docket No. 3255-71.
United States Tax Court
T.C. Memo 1974-196; 1974 Tax Ct. Memo LEXIS 122; 33 T.C.M. (CCH) 848; T.C.M. (RIA) 74196;
July 30, 1974, Filed.
Payments were made by a medical partnership to a withdrawing partner in liquidation of his partnership interest. The terms of the payments were contained in an agreement modifying the partnership agreement. Held: that the modifying agreement specified that certain payments were with respect to goodwill and, therefore, the…
2Cases cited10 opinions
- Foxman v. CommissionerUnited States Tax Court · 1964
- Moffatt v. CommissionerUnited States Tax Court · 1964
- Stilwell v. CommissionerUnited States Tax Court · 1966
- Pietz v. CommissionerUnited States Tax Court · 1972
- Smith v. CommissionerUnited States Tax Court · 1962
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