Macy v. Commissioner
United States Tax Court
The father of the petitioners died in March 1930 leaving a will in which he named the petitioners and a cousin, Carleton Macy, as executors of the will and as trustees of three residuary trusts provided for in the will. Early in April 1930 the three duly qualified as executors and trustees.
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The father of the petitioners died in March 1930 leaving a will in which he named the petitioners and a cousin, Carleton Macy, as executors of the will and as trustees of three residuary trusts provided for in the will. Early in April 1930 the three duly qualified as executors and trustees. At and prior to his death the decedent was engaged in the making of investments in and in directing, supervising, promoting and developing various enterprises, which in turn were variously engaged in financing, real estate operations, the publication of daily and weekly newspapers, and in other activities.…
1Opinion of the Court
Valentine E. Macy, Jr., Petitioner, v. Commissioner of Internal Revenue, Respondent. J. Noel Macy and Elena Kohler Macy, Petitioner, v. Commissioner of Internal Revenue, Respondent
Macy v. Commissioner
Docket Nos. 27152, 27153
United States Tax Court
19 T.C. 409; 1952 U.S. Tax Ct. LEXIS 24;
December 10, 1952, Promulgated
Decisions will be entered under Rule 50.
The father of the petitioners died in March 1930 leaving a will in which he named the petitioners and a cousin, Carleton Macy, as executors of the will and as trustees of three residuary trusts provided for in the will. Early in April 1930…
2Cases cited13 opinions
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- Higgins v. CommissionerSupreme Court of the United States · 1941
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Trust Under the Will of Bingham v. CommissionerSupreme Court of the United States · 1945
- United States v. PyneSupreme Court of the United States · 1941
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