Legal Opinion
Commissioner v. Disston
Supreme Court of the United States
Decided June 11, 1945No. 589PublishedCited by 151 opinions
1Opinion of the CourtJustice Rutledge
This case, like Fondren v. Commissioner, 324 U. S. 18, presents questions whether certain gifts to minors are gifts of “future interests in property,” within the meaning of the Revenue Act of 1932, c. 209, 47 Stat. 169.
In, 1936 the respondent, William D. Disston, created a trust for the benefit of each of his five children, three of whom were then minors. The total of his gifts that year was $71,952. The Commissioner allowed an exemption of $5,000 on each gift for the children and on one to his wife. The taxpayer also was allowed the specific exemption of $40,000 provided by § 505 of the…
2Cases cited6 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- United States v. PelzerSupreme Court of the United States · 1941
- Fondren v. CommissionerSupreme Court of the United States · 1945
- Ryerson v. United StatesSupreme Court of the United States · 1941
- Roberts v. CommissionerUnited States Tax Court · 1943
1 more not listed; retrieve them via the Exa API.
3Cited by151 opinions
- Commissioner v. Estate of HolmesSupreme Court of the United States · 1946
- Arnold Van Den Wymelenberg, as of the Estate of Eleanor Van Den Wymelenberg, and Arnold Van Den Wymelenberg v. United StatesCourt of Appeals for the Seventh Circuit · 1968
- Weller v. CommissionerUnited States Tax Court · 1962
- McMurtry v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1953
- Kieckhefer v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1951
146 more not listed; retrieve them via the Exa API.