Roy C. Acuff, and Wife, Mildred Acuff v. Commissioner of Internal Revenue

This tax review involves a trust agreement set up by Roy C. Acuff, a “country music” entertainer and one-time candidate for Governor of Tennessee, and his wife Mildred Acuff, creating a trust for the benefit of their minor son. The agreement provided that the Trustee, Roy C. Acuff, should enter into a partnership with himself, individually, and his wife, for the management and operation of his resort property known as “Dunbar Cave,” located near Clarksville, Tennessee, and of his wife’s one-half interest in a profitable music publishing partnership known as “Acuff-Rose Publications.”

The…