Legal Opinion
Estate of Joseph A. Vak, Deceased, Joseph R. Vak, Personal Representative v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided September 1, 1992No. 91-3646PublishedCited by 4 opinions
1Opinion of the Court
HANSEN, Circuit Judge.
The Estate of Joseph A. Vak (taxpayer), appeals from a decision of the tax court finding in favor of the Commissioner of the Internal Revenue (IRS). See Estate of Joseph A. Vak, 62 T.C.M. (CCH) 942, T.C.M. (P-H) 91,503 (1991). We reverse and remand this matter to the tax court.
I. FACTS AND TAX COURT DECISION
This is a gift tax case. On January 2, 1981, Joseph A. Vak (Joseph A.) created an irrevocable trust with 2,757 shares of stock in Joe Vak Farms, Inc. Vak’s son, Joseph R. Vak (Joseph- R.), and daughter-in-law, Julie A. Vak (Julie), were named joint trustees. Joseph A.…
2Cases cited10 opinions
- Singleton v. WulffSupreme Court of the United States · 1976
- Terry Wayne Sanders v. Clemco Industries, Ingersoll-Rand, Inc.Court of Appeals for the Eighth Circuit · 1987
- Smith v. ShaughnessySupreme Court of the United States · 1943
- Robinette v. HelveringSupreme Court of the United States · 1943
- Universal Title Insurance Company, a Minnesota Corporation v. United StatesCourt of Appeals for the Eighth Circuit · 1991
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3Cited by4 opinions
- Transport Labor Contract/leasing, Inc. & Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 2006
- Frietsch v. Refco, Inc.Court of Appeals for the Seventh Circuit · 1995
- Frietsch v. Refco, Inc.Court of Appeals for the Seventh Circuit · 1995
- Transport Labor v. CIRCourt of Appeals for the Eighth Circuit · 2006