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HELVERING V. ESTATE OF ENRIGHT, 312 U. S. 636 (1941)

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U.S. Supreme Court

Helvering v. Estate of Enright, 312 U.S. 636 (1941)

Helvering v. Estate of Enright

No. 436

Argued March 4, 1941

Decided March 31, 1941

312 U.S. 636

Syllabus

Section 42 of the Revenue Act of 1934 permits the inclusion, as accruable items, in a decedent's gross income for the period ending with his death, of his share of the profits earned, but not yet received, by a partnership, although both the decedent and his firm kept their accounts and made their income tax reports on a calendar year cash receipts and disbursements basis. P. 312 U. S. 640.

So held of a deceased member of a law firm in respect of his share of the earned portion of the estimated receipts from the unfinished business of the firm, valued as of the date of his death.

112 F.2d 919, reversed.

Certiorari, 311 U.S. 638, to review the reversal of a decision of the Board of Tax Appeals sustaining a deficiency assessment. chanrobles.com-red

Page 312 U. S. 637


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