Beard v. Commissioner
United States Tax Court
Husband and wife were divorced pursuant to a decree which provided, among other things, for a nearly equal split of the property which had been accumulated by the couple during their marriage. In effecting a physical division of the assets, the husband was ordered to pay the wife an immediate lump-sum payment of $ 40,250 and an additional $ 310,000 payable in installments over a 121-month period.
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Husband and wife were divorced pursuant to a decree which provided, among other things, for a nearly equal split of the property which had been accumulated by the couple during their marriage. In effecting a physical division of the assets, the husband was ordered to pay the wife an immediate lump-sum payment of $ 40,250 and an additional $ 310,000 payable in installments over a 121-month period. The installment payments were secured, interest-bearing, and were not subject to any contingencies. A separate award of contingent alimony was provided elsewhere in the decree. Held: Taking into…
1Opinion of the Court
Shirley Jean Beard, Petitioner v. Commissioner of Internal Revenue, Respondent; Richard C. Patterson and Phyllis Patterson, Petitioners v. Commissioner of Internal Revenue, Respondent
Beard v. Commissioner
Docket Nos. 14671-79, 14687-79
United States Tax Court
77 T.C. 1275; 1981 U.S. Tax Ct. LEXIS 11;
December 17, 1981, Filed
Decision will be entered under Rule 155 in docket No. 14671-79.
Decision will be entered for the respondent in docket No. 14687-79.
Husband and wife were divorced pursuant to a decree which provided, among other things, for a nearly equal split of the property which had been…
2Cases cited35 opinions
- Elizabeth H. Bardwell v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1963
- Bardwell v. CommissionerUnited States Tax Court · 1962
- Thompson v. CommissionerUnited States Tax Court · 1968
- Johnson v. JohnsonMichigan Supreme Court · 1956
- Wright v. CommissionerUnited States Tax Court · 1974
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