Ashcraft v. Commissioner
United States Tax Court
The petitioner and his wife were divorced in 1944. Under both the divorce decree and a written agreement incident to the divorce he was obligated to pay $ 210 per month as permanent alimony and to provide an insurance policy on his life and make premium payments as long as his wife remained alive and unmarried.
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The petitioner and his wife were divorced in 1944. Under both the divorce decree and a written agreement incident to the divorce he was obligated to pay $ 210 per month as permanent alimony and to provide an insurance policy on his life and make premium payments as long as his wife remained alive and unmarried. In 1951 under an amendatory agreement the ex-wife waived all right to further payment of alimony and support and the petitioner agreed to pay her the amount of $ 6,200 contemporaneously and $ 2,000 within 70 days. Petitioner also agreed to transfer to her absolutely an insurance policy…
1Opinion of the Court
OPINION.
Atkins, Judge:
The respondent determined a deficiency in income tax for the calendar year 1951, in the amount of $1,881.92. The only question for decision is whether the respondent erred in disallowing $8,758.41 of the amount .of $9,887.55 claimed as a deduction under section 28 (u) of the Internal Revenue Code of 1939.
The facts were stipulated and the stipulation is incorporated herein by this reference.
The petitioners are husband and wife and reside at Kenilworth, Illinois. Their joint return for the year 1951 was filed with the collector of internal revenue for the first district of…
2Cases cited6 opinions
- Baer v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1952
- Norton v. CommissionerUnited States Tax Court · 1951
- Carmichael v. CommissionerUnited States Tax Court · 1950
- Norton v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1951
- Haag v. CommissionerUnited States Tax Court · 1951
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Kent v. CommissionerUnited States Tax Court · 1973
- Schwab v. CommissionerUnited States Tax Court · 1969
- Alan E. Ashcraft, Jr. And Jean J. Ashcraft v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1958
- Jarboe v. CommissionerUnited States Tax Court · 1963
- Young v. CommissionerUnited States Tax Court · 1972
7 more not listed; retrieve them via the Exa API.