Legal Opinion
Janis v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided November 15, 2006No. Docket 04-4443-AGPublishedCited by 9 opinions
1Opinion of the Court
KORMAN, District Judge.
Sidney Janis owned and operated a well-known art gallery in New York City. In 1988, he transferred ownership of the gallery to a trust, naming himself and his sons, Conrad and Carroll, trustees. Sidney Janis died a year later, leaving Conrad and Carroll with ownership of the gallery through the trust. This arrangement lasted until 1995, when the brothers terminated the trust and distributed its assets, including the gallery and its paintings, to a partnership. The brothers were the only members of the partnership, and they each held equal shares of its assets. These…
2Cases cited12 opinions
- Skidmore v. Swift & Co.Supreme Court of the United States · 1944
- United States v. CartwrightSupreme Court of the United States · 1973
- Manning v. Seeley Tube & Box Co.Supreme Court of the United States · 1950
- Elmhurst Cemetery Co. of Joliet v. CommissionerSupreme Court of the United States · 1937
- United States v. Curtis L. Parker and Martha ParkerCourt of Appeals for the Fifth Circuit · 1967
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3Cited by9 opinions
- Principal Life Insurance Company and Subsidiaries v. United StatesUnited States Court of Federal Claims · 2014
- Bronstein v. CommissionerUnited States Tax Court · 2012
- Green v. Comm'rUnited States Tax Court · 2014
- Powell v. Comm'rUnited States Tax Court · 2014
- Hopson v. Comm'rUnited States Tax Court · 2009
4 more not listed; retrieve them via the Exa API.