Burk-Waggoner Oil Assn. v. Hopkins
269 U.S. 110 (1925)

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U.S. Supreme Court

Burk-Waggoner Oil Assn. v. Hopkins, 269 U.S. 110 (1925)

Burk-Waggoner Oil Association v. Hopkins

No. 67

Argued October 20, 21, 1925

Decided November 16, 1925

269 U.S. 110

Syllabus

1. Unincorporated joint stock association, like those described in Hecht v. Malley,265 U. S. 144, though partnerships under the state law, are "corporations," within the definition of the Revenue Act of 1918, and are subject, like corporations, to the income and excess profits taxes imposed by that Act. P. 269 U. S. 112.

2. Congress has power to tax the income earned through and in the name of such an association unaffected by the facts that, under the state law, the association is not recognized as a legal entity, cannot hold title to property, and its shareholders are liable for its debts. P. 269 U. S. 114.

296 F. 492, affirmed.

Error to a judgment of the district court in an action against an internal revenue collector to recover a tax, paid under protest.

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