Acuff v. Commissioner
United States Tax Court
In January 1952 petitioners entered into a trust agreement with Roy Acuff as trustee transferring an undivided one-third interest in a business conducted by Roy Acuff as a sole proprietorship, and an undivided one-third interest in a one-half interest in a music publishing partnership owned by Mildred Acuff, to a trust for the benefit of petitioners' minor son.
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In January 1952 petitioners entered into a trust agreement with Roy Acuff as trustee transferring an undivided one-third interest in a business conducted by Roy Acuff as a sole proprietorship, and an undivided one-third interest in a one-half interest in a music publishing partnership owned by Mildred Acuff, to a trust for the benefit of petitioners' minor son. The trust agreement directed the trustee to enter into a partnership with the two petitioners for the management and operation of the two business interests. Contemporaneously therewith a partnership agreement was entered into between…
1Opinion of the Court
Roy C. Acuff and Wife, Mildred D. Acuff, Petitioners, v. Commissioner of Internal Revenue, Respondent
Acuff v. Commissioner
Docket No. 70173
United States Tax Court
35 T.C. 162; 1960 U.S. Tax Ct. LEXIS 32;
October 31, 1960, Filed
Decision will be entered for the respondent.
In January 1952 petitioners entered into a trust agreement with Roy Acuff as trustee transferring an undivided one-third interest in a business conducted by Roy Acuff as a sole proprietorship, and an undivided one-third interest in a one-half interest in a music publishing partnership owned by Mildred Acuff, to a trust for the…
2Cases cited16 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Commissioner v. TowerSupreme Court of the United States · 1946
- Rupple v. KuhlCourt of Appeals for the Seventh Circuit · 1949
- Miller v. Commissioner of Internal Revenue (Two Cases)Court of Appeals for the Sixth Circuit · 1953
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