United States Tax Court June 22, 1970, Docket Nos. 3357-68, 4255-68 (Quick Trust v. Commissioner)

lead-opinion

OPINION

When Quick died he was an equal partner in a partnership which had been in the business of providing architectural and engineering-services. In 1957, the partnership had ceased all business activity except the collection of outstanding accounts receivable. These receivables, and some cash, were tbe only assets of tbe partnership.