MASUCCI v. COMMISSIONER

Docket Nos. 51018-51021.

15 T.C.M. 203 (1956)

T.C. Memo. 1956-45

Fred J. Masucci et al. v. Commissioner.

United States Tax Court.

Filed February 24, 1956.


Attorney(s) appearing for the Case

Robert M. Taylor, Esq., Land Title Building, Philadelphia, Pa., for the petitioners. Stephen P. Cadden, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

RAUM, Judge:

The Commissioner determined deficiencies in income tax for the years 1947-1951, inclusive. The sole issue is whether petitioners Fred J. Masucci and Benjamin Rubenstein, who were equal partners in Atlantic Amusement Company, correctly reported their distributive shares of the partnership income.2 This issue, in turn, depends upon the correct determination of the partnership...

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