Butler v. Commissioner
United States Tax Court
On Apr. 30, 1963, petitioner Frank L. Butler transferred his medical office building to a bank, as trustee, for his minor children for a period of 11 years, and contemporaneously leased it back for the same period. At the termination of the trust, the building will pass to his wife, petitioner Cecelia F. Butler. Held, petitioners are not entitled to deductions under sec. 162(a)(3), I.R.C. 1954, for the rent paid to the trust during 1970 and 1971.
1Opinion of the Court
Frank L. Butler and Cecelia F. Butler, Petitioners v. Commissioner of Internal Revenue, Respondent
Butler v. Commissioner
Docket No. 8138-73
United States Tax Court
65 T.C. 327; 1975 U.S. Tax Ct. LEXIS 33;
November 11, 1975, Filed
Decision will be entered for the respondent.
On Apr. 30, 1963, petitioner Frank L. Butler transferred his medical office building to a bank, as trustee, for his minor children for a period of 11 years, and contemporaneously leased it back for the same period. At the termination of the trust, the building will pass to his wife, petitioner Cecelia F. Butler. Held,…
2Cases cited16 opinions
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Furman v. CommissionerUnited States Tax Court · 1966
- Irvine K. Furman and Lorena K. Furman v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1967
- Skemp v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1948
- I. L. Van Zandt and Ruth B. Van Zandt v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1965
11 more not listed; retrieve them via the Exa API.