Legal Opinion
Industrial Trust Co. v. Commissioner of Internal Rev.
Court of Appeals for the First Circuit
Decided December 26, 1947No. 4277PublishedCited by 59 opinions
1Opinion of the Court
MAHONEY, Circuit Judge.
The executor under the will of Milton J. Budlong, who died on July 5, 1941, has brought this petition for review of a decision of the Tax Court1 insofar as it determined a deficiency in the estate tax due.
On July 1, 1929, the decedent established four trusts, with himself as trustee, for the primary benefit of his three children, a daughter and two sons, and his sister, Mrs. George A. Woolsey, repectively. The issue of his three children were designated as remaindermen of all four trusts. A fifth trust created in the same indenture terminated prior to his decease by…
2Cases cited21 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Hassett v. WelchSupreme Court of the United States · 1938
- May v. HeinerSupreme Court of the United States · 1930
- Commissioner v. Estate of HolmesSupreme Court of the United States · 1946
- Cyrus H. McCormick v. David BurnetSupreme Court of the United States · 1931
16 more not listed; retrieve them via the Exa API.
3Cited by59 opinions
- United States v. O'MALLEYSupreme Court of the United States · 1966
- Estate of Ford v. CommissionerUnited States Tax Court · 1969
- Pardee v. CommissionerUnited States Tax Court · 1967
- Budd v. CommissionerUnited States Tax Court · 1968
- Wier v. CommissionerUnited States Tax Court · 1951
54 more not listed; retrieve them via the Exa API.