Estate of Walker v. Commissioner
United States Tax Court
Decedent entered into an arrangement with a contractor in order to dispose of certain fill dirt and other materials from decedent's property and to have the property left in such condition that its grade and drainage would facilitate the productive use of the land in the future.
Read the full summary
Decedent entered into an arrangement with a contractor in order to dispose of certain fill dirt and other materials from decedent's property and to have the property left in such condition that its grade and drainage would facilitate the productive use of the land in the future. Under the governing instrument, the materials to be removed did not become the property of the contractor until they had been removed and until decedent had been paid for them at a specified rate per cubic yard of material removed. Held, in the circumstances of this case, the gain reflected in the payments made in…
1Opinion of the Court
Estate of Marian H. Walker, Deceased, Irvin C. Walker and Elsie Walker Barnes, Co-Executors, Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Walker v. Commissioner
Docket Nos. 6322-66, 1677-69, 360-70
United States Tax Court
55 T.C. 522; 1970 U.S. Tax Ct. LEXIS 7;
December 17, 1970, Filed
Decisions will be entered for the respondent.
Decedent entered into an arrangement with a contractor in order to dispose of certain fill dirt and other materials from decedent's property and to have the property left in such condition that its grade and drainage would facilitate the productive…
2Cases cited1 opinion
- Estate of Walker v. CommissionerUnited States Tax Court · 1970