Crabb v. Commissioner
United States Board of Tax Appeals
1. In 1932 each petitioner owned an undivided one-fourth interest in a Texas ranch as his or her separate property. They conveyed the ranch to trustees for a period of ten years. The trust was named "jas. F. Welder Heirs."
Read the full summary
1. In 1932 each petitioner owned an undivided one-fourth interest in a Texas ranch as his or her separate property. They conveyed the ranch to trustees for a period of ten years. The trust was named "jas. F. Welder Heirs." The trustees were to hold the lands together in their entirety; they were to conduct a ranch and farm business thereon with full powers to collect all moneys, pay all bills, and remit to each petitioner annually one-fourth of such profits as in the discretion of the trustees were not needed in the business; they were given authority to lease the lands for oil and gas…
1Opinion of the Court
DOLORES CRABB, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MADELINE WELDER SMITH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ELIZABETH WOOD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
JAMES F. WELDER, JR., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Crabb v. Commissioner
Docket Nos. 95002, 95003, 95004, 95005.
United States Board of Tax Appeals
41 B.T.A. 686; 1940 BTA LEXIS 1153;
March 29, 1940, Promulgated
1. In 1932 each petitioner owned an undivided one-fourth interest in a Texas ranch as his or her separate property. They…
2Cases cited12 opinions
- Poe v. SeabornSupreme Court of the United States · 1930
- Burk-Waggoner Oil Assn. v. HopkinsSupreme Court of the United States · 1925
- Hopkins v. BaconSupreme Court of the United States · 1930
- Stephens v. StephensCourt of Appeals of Texas · 1927
- Pierce Oil Corp. v. CommissionerUnited States Board of Tax Appeals · 1935
7 more not listed; retrieve them via the Exa API.