Hawaiian Cemetery Asso. v. Commissioner
United States Tax Court
Income -- Endowment Care Fund Payments. -- Where taxpayer was not required by contract or by law to set up a trust and in fact did not set up or contribute to a trust, or in any manner segregate endowment care fund payments into separate asset funds or accounts for perpetual care purposes, but commingled such funds with its other assets and used them in general operation of its business, held such funds are not excludible from taxable income.
1Opinion of the Court
Hawaiian Cemetery Association, Limited, d.b.a. Sunset Memorial Park, Petitioner, v. Commissioner of Internal Revenue, Respondent. Hawaii Properties, Limited, d.b.a. Kaneohe Bayview Memorial Park Cemetery, Petitioner, v. Commissioner of Internal Revenue, Respondent
Hawaiian Cemetery Asso. v. Commissioner
Docket Nos. 77220, 77221
United States Tax Court
34 T.C. 1093; 1960 U.S. Tax Ct. LEXIS 71;
September 22, 1960, Filed
Decisions will be entered for the respondent.
Income -- Endowment Care Fund Payments. -- Where taxpayer was not required by contract or by law to set up a trust and in fact did not set…
2Cases cited1 opinion
- Hawaiian Cemetery Asso. v. CommissionerUnited States Tax Court · 1960