Legal Opinion
Cory v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided March 12, 1942No. 7771PublishedCited by 15 opinions
1Opinion of the Court
CLARK, Circuit Judge.
The case at bar is but a short stanza in an epic entitled .“The Use of the Short. Term Trust for Tax Avoidance.” Taxpayers .and theif counsel have .continuously sought to sail between the Scylla of surtaxes and the- Charybdis of loss of control. An early and popular device was the creation of a trust in which the settlor retained. the-power to revest title in himself. This avenue of escape was closed by the Government in 1924. The ingenuity of taxpayer’s counsel kept the door of avoidance ajar. Instead of establishing Indian-gift trusts, 2 income is. split through the use…
2Cases cited17 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Hormel v. HelveringSupreme Court of the United States · 1941
- Helvering v. HorstSupreme Court of the United States · 1940
- Corliss v. BowersSupreme Court of the United States · 1930
- Helvering v. WoodSupreme Court of the United States · 1940
12 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Director, Office of Workers' Compensation Programs v. Greenwich CollieriesSupreme Court of the United States · 1994
- Walter Demkowicz and Dorothy Demkowicz v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1977
- Crude Oil Corp. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1947
- David G. Baird and Mildred B. Baird v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1971
- Cory v. CommissionerCourt of Appeals for the Third Circuit · 1947
10 more not listed; retrieve them via the Exa API.