Saulsbury v. Commissioner
United States Board of Tax Appeals
The petitioner and his wife, residents of Maryland, owned personal property as tenants by the entirety. Held that in the absence of an agreement between them for the distribution of the earnings on a contrary basis, the husband is taxable on one-half of the income from such property.
1Opinion of the Court
OPINION.
Aeundell:
From the stipulation of facts filed herein, which, by reference, we adopt as our findings of fact, it appears that the petitioner and his wife, residents of Baltimore, Maryland, in 1928 owned certain personal property as tenants by the entirety. In the separate return filed by the wife for 1928, she, with the consent of petitioner, reported for taxation all of the income derived from bank accounts, bonds, stocks, and profits on a stock trading account, which she and her husband held as tenants by the entirety. The respondent transferred one-half of such income to the return…
2Cases cited8 opinions
- Poe v. SeabornSupreme Court of the United States · 1930
- Tyler v. United StatesSupreme Court of the United States · 1930
- Brewer v. BowersoxCourt of Appeals of Maryland · 1901
- Brell v. BrellCourt of Appeals of Maryland · 1923
- Masterman v. MastermanCourt of Appeals of Maryland · 1916
3 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Morris Lipsitz, and Morris Lipsitz and Helen Lipsitz v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1955
- Parsons v. CommissionerUnited States Tax Court · 1964
- Morgan v. Finnegan, Collector of Internal RevenueCourt of Appeals for the Eighth Circuit · 1950
- Commissioner of Internal Revenue v. HartCourt of Appeals for the Third Circuit · 1939
- Springmann v. CommissionerUnited States Tax Court · 1987
6 more not listed; retrieve them via the Exa API.