CLARK, Circuit Judge.
This appeal brings up another aspect of the vexed question of income taxation presented by a "family partnership." Here we have to deal not so much with the existence of such a partnership, but with the distribution of its income among its members. The Commissioner found this unfair and based a deficiency assessment against its principal member on a computation based on a reallocation of the income. The taxpayer paid the assessment and brought...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.