Buehler v. Commissioner
United States Tax Court
P was president and majority shareholder of B & B, a corporation engaged in the trade or business of soliciting customers to trade in commodity contracts. Pursuant to a written agreement, B & B's customers' trades were cleared through RBH, a clearinghouse member of the Chicago Mercantile Exchange. P traded commodity contracts through B & B on an arm's-length basis. P had a large deficit in his trading accounts.
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P was president and majority shareholder of B & B, a corporation engaged in the trade or business of soliciting customers to trade in commodity contracts. Pursuant to a written agreement, B & B's customers' trades were cleared through RBH, a clearinghouse member of the Chicago Mercantile Exchange. P traded commodity contracts through B & B on an arm's-length basis. P had a large deficit in his trading accounts. RBH, as allowed pursuant to the written agreement, transferred the credit balances in some of B & B's other customers' trading accounts to reduce, inter alia, the deficit in P's…
1Opinion of the Court
JOHN F. BUEHLER, TRANSFEREE OF THE ASSETS OF B & B COMMODITIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent; JOHN F. BUEHLER, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Buehler v. Commissioner
Docket Nos. 2674-85; 2675-85.
United States Tax Court
T.C. Memo 1987-416; 1987 Tax Ct. Memo LEXIS 413; 54 T.C.M. (CCH) 232; T.C.M. (RIA) 87416;
August 24, 1987.
P was president and majority shareholder of B & B, a corporation engaged in the trade or business of soliciting customers to trade in commodity contracts. Pursuant to a written agreement, B & B's customers' trades were…
2Cases cited27 opinions
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Commissioner v. SternSupreme Court of the United States · 1958
- Magnon v. CommissionerUnited States Tax Court · 1980
- W. W. Windle Co. v. CommissionerUnited States Tax Court · 1976
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