Knapp v. Commissioner
United States Board of Tax Appeals
Where the wife of a member of a partnership in Louisiana dies intestate leaving minor children surviving her the issue of her marriage with the member of the partnership, and such partner informs his partner that it is his wish and desire that his share in the profits of the partnership should thereafter go one-half to himself and one-half to his two minor children, held, that in the circumstances in this case, the partner is liable to income tax upon his entire share of the…
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Where the wife of a member of a partnership in Louisiana dies intestate leaving minor children surviving her the issue of her marriage with the member of the partnership, and such partner informs his partner that it is his wish and desire that his share in the profits of the partnership should thereafter go one-half to himself and one-half to his two minor children, held, that in the circumstances in this case, the partner is liable to income tax upon his entire share of the profits of the partnership.
1Opinion of the Court
HUDSON M. KNAPP, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Knapp v. Commissioner
Docket Nos. 6143, 10794.
United States Board of Tax Appeals
5 B.T.A. 762; 1926 BTA LEXIS 2785;
December 10, 1926, Promulgated
Where the wife of a member of a partnership in Louisiana dies intestate leaving minor children surviving her the issue of her marriage with the member of the partnership, and such partner informs his partner that it is his wish and desire that his share in the profits of the partnership should thereafter go one-half to himself and one-half to his two minor children, held, that…
2Cases cited1 opinion
- Knapp v. CommissionerUnited States Board of Tax Appeals · 1926