Legal Opinion
Nell K. Ross, Individually and James G. Harris and Elizabeth Ross Harris, Independent of the Estate of James H. Ross, Deceased v. United States
Court of Appeals for the Fifth Circuit
Decided July 2, 1965No. 21252_1PublishedCited by 14 opinions
1Opinion of the Court
WISDOM, Circuit Judge:
The question this gift tax exclusion case presents is whether a gift in trust to a minor, under a trust agreement authorizing the trustee to exercise all the powers of a guardian, must be “considered” a gift of a future interest for purposes of section 2503(c) of the Internal Revenue Code of 1954. The district court granted a summary judgment in favor of the United States, dismissing the taxpayers’ claim for a gift tax refund. 226 F.Supp. 333. We reverse.
The facts are stipulated. November 15, 1956, the taxpayers, Nell K. Ross and her husband James H. Ross, now dead, set…
2Cases cited19 opinions
- United States v. PelzerSupreme Court of the United States · 1941
- Fondren v. CommissionerSupreme Court of the United States · 1945
- Commissioner v. DisstonSupreme Court of the United States · 1945
- Kieckhefer v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1951
- Jones v. ParkerTexas Supreme Court · 1886
14 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Messing v. CommissionerUnited States Tax Court · 1967
- Heidrich v. CommissionerUnited States Tax Court · 1971
- Commissioner of Internal Revenue v. Josephine N. Thebaut and Charles R. Thebaut, Jr.Court of Appeals for the Fifth Circuit · 1966
- Quatman v. CommissionerUnited States Tax Court · 1970
- Geraldine Frost Williams and Robert W. Williams v. The United StatesUnited States Court of Claims · 1967
9 more not listed; retrieve them via the Exa API.