Trafton v. Commissioner
United States Tax Court
Charles A. Trafton and his wife, Ethel, conducted various businesses during the 45 years of their marriage. They had an oral agreement that whatever was earned or accumulated through their joint efforts subsequent to their marriage was to belong to them jointly. To effectuate this agreement Charles transferred securities to and purchased securities in their joint names during 1946, 1947, and other years.
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Charles A. Trafton and his wife, Ethel, conducted various businesses during the 45 years of their marriage. They had an oral agreement that whatever was earned or accumulated through their joint efforts subsequent to their marriage was to belong to them jointly. To effectuate this agreement Charles transferred securities to and purchased securities in their joint names during 1946, 1947, and other years. In 1946 Ethel transferred securities to and purchased certain securities in their joint names. Most of these securities had been inherited by Ethel from her parents or purchased with her…
1Opinion of the Court
Estate of Charles A. Trafton, Ethel Trafton Levasseur, Executrix, Petitioner, v. Commissioner of Internal Revenue, Respondent. Ethel C. Trafton Levasseur, Petitioner, v. Commissioner of Internal Revenue, Respondent. Estate of Charles A. Trafton, Ethel Trafton Levasseur, Executrix, Petitioner, v. Commissioner of Internal Revenue, Respondent
Trafton v. Commissioner
Docket Nos. 53576, 55290, 55291
United States Tax Court
27 T.C. 610; 1956 U.S. Tax Ct. LEXIS 3;
December 26, 1956, Filed
Decisions will be entered under Rule 50.
Charles A. Trafton and his wife, Ethel, conducted various businesses during…
2Cases cited5 opinions
- Harvey v. United StatesCourt of Appeals for the Seventh Circuit · 1950
- Richardson v. HelveringCourt of Appeals for the D.C. Circuit · 1935
- Berkowitz v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1939
- Rogan v. KammerdinerCourt of Appeals for the Ninth Circuit · 1944
- Trafton v. CommissionerUnited States Tax Court · 1956