Wright v. Commissioner
United States Tax Court
In an oral agreement stipulated to at their divorce trial petitioner William C. Wright and his former wife, petitioner Jean W. Wright, agreed that all property owned by Jean would be granted to her and in addition she would be granted certain property of William's, that William would pay certain of her expenses, and that William would pay to Jean $ 228,000 over a period of 10 1/2 years, the payment to be secured by stocks placed in escrow, and that William would pay the…
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In an oral agreement stipulated to at their divorce trial petitioner William C. Wright and his former wife, petitioner Jean W. Wright, agreed that all property owned by Jean would be granted to her and in addition she would be granted certain property of William's, that William would pay certain of her expenses, and that William would pay to Jean $ 228,000 over a period of 10 1/2 years, the payment to be secured by stocks placed in escrow, and that William would pay the premiums on a $ 200,000 term life insurance policy owned by Jean on his life and keep Jean as the beneficiary until she died…
1Opinion of the Court
William C. Wright and Ellen W. Wright, et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Wright v. Commissioner
Docket Nos. 830-72, 1356-72, 1991-72, 4104-72
United States Tax Court
62 T.C. 377; 1974 U.S. Tax Ct. LEXIS 86; 62 T.C. No. 45;
June 25, 1974, Filed
Decisions will be entered under Rule 155.
In an oral agreement stipulated to at their divorce trial petitioner William C. Wright and his former wife, petitioner Jean W. Wright, agreed that all property owned by Jean would be granted to her and in addition she would be granted certain property of William's, that William would…
2Cases cited58 opinions
- Helvering v. HorstSupreme Court of the United States · 1940
- United States v. DavisSupreme Court of the United States · 1962
- Elizabeth H. Bardwell v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1963
- Bardwell v. CommissionerUnited States Tax Court · 1962
- Thompson v. CommissionerUnited States Tax Court · 1968
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