Ledyard v. Commissioner
United States Board of Tax Appeals
1. Petitioner's decedent was at the time of his death a member of a law partnership and executor and trustee of estates. He and the partnership kept their books and filed their returns on the cash basis. A successor partnership took over the incompleted work of the decedent's firm and in subsequent years paid to petitioner the decedent's share of the collections made for work done by the predecessor partnership.
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1. Petitioner's decedent was at the time of his death a member of a law partnership and executor and trustee of estates. He and the partnership kept their books and filed their returns on the cash basis. A successor partnership took over the incompleted work of the decedent's firm and in subsequent years paid to petitioner the decedent's share of the collections made for work done by the predecessor partnership. Subsequent to decedent's death various courts allowed fees for services rendered by the decedent as executor and trustee during his lifetime, all of which were collected by…
1Opinion of the Court
ESTATE OF LEWIS CASS LEDYARD, JR., DECEASED, UNITED STATES TRUST COMPANY OF NEW YORK, EXECUTOR, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Ledyard v. Commissioner
Docket No. 99249.
United States Board of Tax Appeals
44 B.T.A. 1056; 1941 BTA LEXIS 1240;
July 18, 1941, Promulgated
1. Petitioner's decedent was at the time of his death a member of a law partnership and executor and trustee of estates. He and the partnership kept their books and filed their returns on the cash basis. A successor partnership took over the incompleted work of the decedent's firm and in subsequent years…
2Cases cited15 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Bull v. United StatesSupreme Court of the United States · 1935
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Helvering v. Estate of EnrightSupreme Court of the United States · 1941
- In Re the Accounting of BarkerNew York Court of Appeals · 1921
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