Eisenmann v. Commissioner
United States Tax Court
Louis R. Eisenmann conveyed a half interest in his business, in trust for the benefit of his minor son. The trust was irrevocable, and the trustee was vested with full and complete powers of management and control. The trustee was a business acquaintance but otherwise unrelated to the grantor. A partnership agreement between the grantor and the trustee to operate a business was a part of the trust agreement.
Read the full summary
Louis R. Eisenmann conveyed a half interest in his business, in trust for the benefit of his minor son. The trust was irrevocable, and the trustee was vested with full and complete powers of management and control. The trustee was a business acquaintance but otherwise unrelated to the grantor. A partnership agreement between the grantor and the trustee to operate a business was a part of the trust agreement. The trustee accepted the trust and actively participated in the management and operation of the partnership and a related partnership formed thereafter. Respondent taxed the income…
1Opinion of the Court
Louis R. Eisenmann and Marguerite W. Eisenmann, Petitioners, v. Commissioner of Internal Revenue, Respondent
Eisenmann v. Commissioner
Docket Nos. 23929, 24697
United States Tax Court
17 T.C. 1426; 1952 U.S. Tax Ct. LEXIS 262;
February 29, 1952, Promulgated
Decision will be entered under Rule 50.
Louis R. Eisenmann conveyed a half interest in his business, in trust for the benefit of his minor son. The trust was irrevocable, and the trustee was vested with full and complete powers of management and control. The trustee was a business acquaintance but otherwise unrelated to the grantor. A partnership…
2Cases cited9 opinions
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Stern v. CommissionerUnited States Tax Court · 1950
- Feldman v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1950
- Feldman v. CommissionerUnited States Tax Court · 1950
- Greenberger v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1949
4 more not listed; retrieve them via the Exa API.