Hunt v. Commissioner
United States Board of Tax Appeals
1. Petitioner, a widow, during the taxable years, lived in an apartment maintained by her sister. She paid all the expenses of an adult son, who was attending college and who was not incapable of self-support because mentally or physically defective.
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1. Petitioner, a widow, during the taxable years, lived in an apartment maintained by her sister. She paid all the expenses of an adult son, who was attending college and who was not incapable of self-support because mentally or physically defective. The evidence failing to show that she maintained a home, it is held, that she is not entitled to a personal exemption of $3,500 as head of a family. 2. Petitioner acquired 1,200 shares of stock from her husband by gift, but he remained the record owner. She authorized a bank to continue to hold the stock as collateral security for loans made by…
1Opinion of the Court
*1047OPINION.
Mellott :
The first question is whether or not petitioner is entitled to the personal exemption of $3,500 as the head of a family during the taxable years before us. The pertinent provision of the Revenue Act of 1926 and the regulations of the Treasury Department relating thereto are shown in the margin.1 The corresponding provision of the Revenue Act of 1928 is section 25 (c) and the regulation interpreting this section is contained in article 292 of Regulations 74. In Alfred R. Fuhlage, 32 B. T. A. 222, this Board said:
Article 292 of Regulations 74, promulgated under the Revenue Act…
2Cases cited8 opinions
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- Helvering v. Tex-Penn Oil Co.Supreme Court of the United States · 1937
- Helvering v. BlissSupreme Court of the United States · 1934
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
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3Cited by6 opinions
- Lare v. CommissionerUnited States Tax Court · 1974
- Loyless v. CommissionerUnited States Tax Court · 1942
- Hunt v. CommissionerUnited States Board of Tax Appeals · 1937
- Kallick v. CommissionerUnited States Board of Tax Appeals · 1941
- Lare v. CommissionerUnited States Tax Court · 1974
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