Commercial Nat'l Bank v. Commissioner
United States Board of Tax Appeals
1. TRANSFERS IN CONTEMPLATION OF DEATH. - A transfer of property to permit the decedent's son to expand a profitable business was not made in contemplation of death.
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1. TRANSFERS IN CONTEMPLATION OF DEATH. - A transfer of property to permit the decedent's son to expand a profitable business was not made in contemplation of death. Other transfers held to have been in contemplation of death. 2. TRANSFERS WITHIN SECTION 302 OF THE REVENUE ACT OF 1926. - The decedent had received certain money from two of his sons under an agreement which permitted him to invest the money and retain the income, but required him to return the principal to the sons. Since the decedent held the funds not in his own right but only as trustee, his transfer of those funds to…
1Opinion of the Court
THE COMMERCIAL NATIONAL BANK, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
WALTER P. STORY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
KATHERINE F. STORY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
THOMAS B. STORY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
NELSON STORY, III, AND CHARLES VANDENHOOK, AS ADMINISTRATORS OF THE ESTATE OF NELSON STORY, JR., DECEASED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Commercial Nat'l Bank v. Commissioner
Docket Nos. 66959, 66960, 66961, 66962, 66963.
United States Board of…
2Cases cited1 opinion
- Commercial Nat'l Bank v. CommissionerUnited States Board of Tax Appeals · 1937