Legal Opinion
Commissioner of Internal Revenue v. Caspersen
Court of Appeals for the Third Circuit
Decided April 1, 1941No. 7450PublishedCited by 6 opinions
1Opinion of the Court
JONES, Circuit Judge.
The taxpayer conveyed certain property to her husband, as trustee. By the terms *95of the trust agreement,1 a specified amount of the annual income from the trust estate was definitely payable to the grantor. In the discretion of the trustee, the balance of the income was distributable to the grantor, to relatives of the grantor and her husband, or to the corpus of a trust, by way of accumulations, for the benefit of a minor son of the grantor and her husband.
For the years 1934 and 1935 the balance of the income from the taxpayer’s trust (after payments therefrom to her) was…
2Cases cited10 opinions
- Sobel v. SobelSupreme Court of New Jersey · 1926
- Clark v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1936
- Fulham v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1940
- Boehm v. BoehmNew Jersey Court of Chancery · 1917
- In re GaneyNew Jersey Court of Chancery · 1921
5 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Commissioner of Internal Revenue v. WarnerCourt of Appeals for the Ninth Circuit · 1942
- Chase National Bank v. CommissionerCourt of Appeals for the Eighth Circuit · 1955
- Stuart v. CommissionerCourt of Appeals for the Seventh Circuit · 1941
- The Chase National Bank of the City of New York — Trust Division — and Eileen June McDonald Trustees of the Last Will and Testament of D. G. McDonald Deceased v. Commissioner of Internal Revenue, Eileen June McDonald of the Estate of D. G. McDonald Deceased v. Commissioner of Internal Revenue, Eileen June McDonald Thompson, of the Estate of D. G. McDonald Deceased v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1955
- Flood v. United StatesDistrict Court, D. Massachusetts · 1942
1 more not listed; retrieve them via the Exa API.