Legal Opinion
Floyd G. Paxton and Grace D. Paxton v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided July 8, 1975No. 72-2408PublishedCited by 23 opinions
1Opinion of the Court
OPINION
Before CHOY and GOODWIN, Circuit Judges, and BURNS,* District Judge. BURNS, District Judge.
The Paxtons appeal a decision of the Tax Court, 57 T.C. 627, upholding the Commissioner’s determination that they were taxable on part of the income of a trust they had established because it was a grantor trust as defined in §§ 671-677 of the Internal Revenue Code. Jurisdiction of this appeal is given by 26 U.S.C. § 7482. We affirm.
All relevant facts were stipulated to the Tax Court. On August 3, 1967, Floyd G. Paxton created the F. G. Paxton Family Organization (the trust); he and his wife…
2Cases cited5 opinions
- Nor-Cal Adjusters, AKA Nor-Cal Insurance Adjusters, Formerly Hobson Adjusters, a Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1974
- Athanasius Y. Samuel v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1962
- In Re Lidston's EstateWashington Supreme Court · 1949
- Estate of Rollin E. Meyer, Sr., Deceased v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1974
- Paxton v. CommissionerUnited States Tax Court · 1972
3Cited by23 opinions
- Vercio v. CommissionerUnited States Tax Court · 1980
- The Estate of Grace E. Lang, Deceased. Richard E. Lang v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
- Harry Gordon and Geraldine Gordon, Petitioners-Appellants-Cross-Appellees v. Commissioner of Internal Revenue, Respondent-Appellee-Cross-AppellantCourt of Appeals for the Ninth Circuit · 1977
- Estate of Paxton v. CommissionerUnited States Tax Court · 1986
- Geneva Drive in Theatre, Inc. Las Vegas Theatrical Corp. Concord Theatre Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
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