Estate of Paine v. Commissioner
United States Tax Court
During the years 1948 through 1953, the present decedent made regular weekly payments of from $125 to $300, totaling $82,541, to a woman, her sister and her brother, pursuant to an agreement that repayment of the same to the decedent would be made only when, if and to the extent that the woman-payee should thereafter derive proceeds, by judgment or settlement or otherwise, from a certain lawsuit which she had filed and which was pending throughout the years that the payments…
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During the years 1948 through 1953, the present decedent made regular weekly payments of from $125 to $300, totaling $82,541, to a woman, her sister and her brother, pursuant to an agreement that repayment of the same to the decedent would be made only when, if and to the extent that the woman-payee should thereafter derive proceeds, by judgment or settlement or otherwise, from a certain lawsuit which she had filed and which was pending throughout the years that the payments were made. In 1954 said lawsuit and all appellate proceedings in respect thereto finally terminated, adversely to said…
1Opinion of the Court
Estate of Robert Treat Paine, Deceased, Francis Cummings, Executor v. Commissioner.
Estate of Paine v. Commissioner
Docket No. 90015.
United States Tax Court
T.C. Memo 1963-275; 1963 Tax Ct. Memo LEXIS 69; 22 T.C.M. (CCH) 1383; T.C.M. (RIA) 63275;
October 7, 1963
During the years 1948 through 1953, the present decedent made regular weekly payments of from $125 to $300, totaling $82,541, to a woman, her sister and her brother, pursuant to an agreement that repayment of the same to the decedent would be made only when, if and to the extent that the woman-payee should thereafter derive proceeds, by…
2Cases cited18 opinions
- Putnam v. CommissionerSupreme Court of the United States · 1956
- Clark v. CommissionerUnited States Tax Court · 1952
- Bercaw v. CommissionerCourt of Appeals for the Fourth Circuit · 1948
- Gilman v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1931
- Clark v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1953
13 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- David A. Novoselsky & Charmain J. Novoselsky v. CommissionerUnited States Tax Court · 2020