Renkemeyer, Campbell & Weaver, LLP v. Commissioner
United States Tax Court
P is the tax matters partner of a Kansas limited liability partnership engaged in the practice of law. For the law firm's tax year ended April 30, 2004, three of the law firm's partners were attorneys performing legal services. The fourth partner was an S corporation owned by a tax-exempt ESOP whose beneficiaries were the law firm's three attorney partners. For tax year ended April 30, 2005, the law firm's only partners were the three attorneys.
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P is the tax matters partner of a Kansas limited liability partnership engaged in the practice of law. For the law firm's tax year ended April 30, 2004, three of the law firm's partners were attorneys performing legal services. The fourth partner was an S corporation owned by a tax-exempt ESOP whose beneficiaries were the law firm's three attorney partners. For tax year ended April 30, 2005, the law firm's only partners were the three attorneys. For tax year ended April 30, 2004, the three attorney partners each had a one-third capital interest and a 30-percent profits and loss interest in…
1Opinion of the Court
OPINION
Jacobs, Judge:
The parties submitted these consolidated cases fully stipulated pursuant to Rule 122.
During the years in question Troy Renkemeyer (sometimes referred to as petitioner) was the tax matters partner of Renkemeyer, Campbell & Weaver, LLP (the law firm), a limited liability partnership (L.L.P.) registered under the laws of Kansas. Petitioner is a member of the bar of this Court. Respondent mailed petitioner two notices of final partnership administrative adjustment — one for the law firm’s tax year ended April 30, 2004 (the 2004 tax year), on May 23, 2008, and the second for…
2Cases cited7 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Perrin v. United StatesSupreme Court of the United States · 1979
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- Gates v. CommissionerUnited States Tax Court · 2010
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