Howard H. Knowles v. United States

This case was presented to the court below upon a stipulation of the facts, and the sole quéstion decided by it and presented by this appeal is this:

Whether, in considering the tax incident upon a case tried in a Mississippi Chancery Court, wherein a decree was entered requiring the taxpayer husband to pay his divorced wife a lump sum of $25,000 at the time the decree was entered, in addition to monthly payments of $300.00 subject to change by the State Court, the court below correctly decided that the payment of $25,000 was not deductible by the taxpayer under § 215(a) of the 1954 Code, 26…