Legal Opinion
David G. Baird and Mildred B. Baird v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided February 12, 1971No. 18087_1PublishedCited by 40 opinions
1Opinion of the Court
OPINION OF THE COURT
SEITZ, Circuit Judge.
Taxpayers appeal a decision of the Tax Court sustaining a deficiency in income tax asserted against them for the year 1955 in the amount of $459,542.01. The Tax Court found that the taxpayers failed to sustain their burden of showing the incorrectness of the Commissioner’s determination that the transfer of 27,000 shares of Bellanca Aircraft Corporation stock from the partnership of L. Albert & Son to the Winfield Baird Foundation in 1955 constituted income to the taxpayers.
Petitioner1 (taxpayer) is a well-known philanthropist who served as senior…
2Cases cited6 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Grant Foster and Barbara Dunn Foster v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1968
- Thomas W. Banks v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Robert C. Hoffman v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1962
- Irving Trust Co. v. A. W. Perry, Inc.Supreme Court of the United States · 1934
1 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Andrew Gerardo v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1977
- In the Matter of Resyn Corporation, Appellant/cross-Appellee v. United States of America, Appellee/cross-AppellantCourt of Appeals for the Third Circuit · 1988
- Estate of Mazzoni v. CommissionerCourt of Appeals for the Third Circuit · 1971
- Anastasato v. CommissionerCourt of Appeals for the Third Circuit · 1986
- Walter Demkowicz and Dorothy Demkowicz v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1977
35 more not listed; retrieve them via the Exa API.