Russell v. Commissioner
United States Board of Tax Appeals
Decedent, in life, was a stockholder and officer in two corporations and carried on a cattle business individually and in a partnership. He endorsed notes of the corporations, and of an individual who purchased cattle from him. He also paid debts of one of the corporations and endorsed a note of an individual. The estate continued the cattle business conducted by the decedent before his death.
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Decedent, in life, was a stockholder and officer in two corporations and carried on a cattle business individually and in a partnership. He endorsed notes of the corporations, and of an individual who purchased cattle from him. He also paid debts of one of the corporations and endorsed a note of an individual. The estate continued the cattle business conducted by the decedent before his death. In winding up the affairs of the partnership the executors received a note from the surviving partner for his share of the firm's liabilities. In the administration of the estate of the decedent the…
1Opinion of the Court
ESTATE OF R. R. RUSSELL, AND J. L. BORROUM, T. P. RUSSELL AND O. H. JUDKINS, EXECUTORS AND TRUSTEES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Russell v. Commissioner
Docket No. 59226.
United States Board of Tax Appeals
34 B.T.A. 715; 1936 BTA LEXIS 658;
June 25, 1936, Promulgated
Decedent, in life, was a stockholder and officer in two corporations and carried on a cattle business individually and in a partnership. He endorsed notes of the corporations, and of an individual who purchased cattle from him. He also paid debts of one of the corporations and endorsed a note of an…
2Cases cited7 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Burnet v. ClarkSupreme Court of the United States · 1932
- Hartley v. CommissionerSupreme Court of the United States · 1935
- Strouse v. CommissionerUnited States Board of Tax Appeals · 1931
- Carpenter v. CommissionerUnited States Board of Tax Appeals · 1935
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