Estate of Cordeiro v. Commissioner
United States Tax Court
Petitioners acquired a herd of dairy cows from a decedent, who was a member of a cooperative marketing association. Decedent was required to market all milk from the herd through the association. By virtue of his membership, decedent was allocated "base" by the association, which measured his share in the proceeds of the association's milk sales. Decedent's membership (and concomitant "right to base") lapsed upon his death.
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Petitioners acquired a herd of dairy cows from a decedent, who was a member of a cooperative marketing association. Decedent was required to market all milk from the herd through the association. By virtue of his membership, decedent was allocated "base" by the association, which measured his share in the proceeds of the association's milk sales. Decedent's membership (and concomitant "right to base") lapsed upon his death. The association permitted petitioners to succeed to decedent's membership, and subsequently decedent's wife, a petitioner herein, became a member of the association. Held,…
1Opinion of the Court
Estate of Tony Cordeiro, Deceased, Mary Cordeiro, Executrix, Petitioner v. Commissioner of Internal Revenue, Respondent; Estate of Tony Cordeiro, Deceased, Mary Cordeiro, Executrix, and Mary Cordeiro, Petitioners v. Commissioner of Internal Revenue, Respondent
Estate of Cordeiro v. Commissioner
Docket Nos. 3755-66, 3757-66
United States Tax Court
51 T.C. 195; 1968 U.S. Tax Ct. LEXIS 32;
October 29, 1968, Filed
Decisions will be entered under Rule 50.
Petitioners acquired a herd of dairy cows from a decedent, who was a member of a cooperative marketing association. Decedent was required to market all…
2Cases cited5 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Farber v. CommissionerUnited States Tax Court · 1965
- Estate of Cordeiro v. CommissionerUnited States Tax Court · 1968
- Delone v. CommissionerUnited States Tax Court · 1946
- Vander Hoek v. CommissionerUnited States Tax Court · 1968