Kaiser v. Commissioner
United States Tax Court
Petitioner is the life beneficiary of a trust created under the will of her deceased husband, the corpus of which consists of one-fifth of the outstanding shares of stock of a family-owned corporation, the other stockholders being the children of the deceased husband by a former wife. The officers of the corporation were also of that group.
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Petitioner is the life beneficiary of a trust created under the will of her deceased husband, the corpus of which consists of one-fifth of the outstanding shares of stock of a family-owned corporation, the other stockholders being the children of the deceased husband by a former wife. The officers of the corporation were also of that group. They directed the affairs of the corporation, to the end that no dividends were distributed for a number of years, which caused petitioner to institute suit against the corporation and its officers for an accounting. An agreement of settlement was reached…
1Opinion of the Court
Ruth B. Kaiser, Petitioner, v. Commissioner of Internal Revenue, Respondent
Kaiser v. Commissioner
Docket No. 25708
United States Tax Court
18 T.C. 808; 1952 U.S. Tax Ct. LEXIS 132;
July 29, 1952, Promulgated
Decision will be entered for the respondent.
Petitioner is the life beneficiary of a trust created under the will of her deceased husband, the corpus of which consists of one-fifth of the outstanding shares of stock of a family-owned corporation, the other stockholders being the children of the deceased husband by a former wife. The officers of the corporation were also of that group. They…
2Cases cited7 opinions
- Lyeth v. HoeySupreme Court of the United States · 1938
- Irwin v. GavitSupreme Court of the United States · 1925
- Helvering v. ButterworthSupreme Court of the United States · 1933
- Carlisle v. CommissionerCourt of Appeals for the Sixth Circuit · 1948
- Townsend v. CommissionerUnited States Tax Court · 1949
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