Ross v. Commissioner
United States Board of Tax Appeals
1. During the years 1934 to 1936, inclusive, the petitioner corporation, Ross Brothers Horse & Mule Co., was engaged in the business of conducting a public auction and otherwise selling horses and mules on a commission basis.
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1. During the years 1934 to 1936, inclusive, the petitioner corporation, Ross Brothers Horse & Mule Co., was engaged in the business of conducting a public auction and otherwise selling horses and mules on a commission basis. The petitioner, W. R. Ross, president and principal stockholder of the corporation, and several other officers of the corporation, bought and sold horses and mules, which purchases and sales were reflected by an account on the books of the corporation under the designation "W. R. Ross Mule Account." The petitioner corporation filed income tax returns reporting the income…
1Opinion of the Court
*1166OPINION.
TueneR :
The principal issue presented is whether the trading business conducted through the W. E. Eoss mule account was a branch or a part of the business conducted by the corporation, Eoss Brothers Horse & Mule Co., with the result that the profits realized therefrom constituted a part of and should be included in the income of the corporation.
The petitioners claim that during the years in question the W. E. Eoss mule account was a partnership composed of four individuals, Eoss, Pershall, Jameson, and Hicks; that the trading business conducted by the partnership was separate and…
2Cited by6 opinions
- Rubin v. CommissionerUnited States Tax Court · 1971
- Ross v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1942
- Ames Theatre Co. v. CommissionerUnited States Tax Court · 1946
- John L. Denning & Co. v. CommissionerUnited States Tax Court · 1948
- Ross v. CommissionerUnited States Board of Tax Appeals · 1941
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