Legal Opinion
John C. W. Dix and Caroline W. Dix v. Commissioner of Internal Revenue, George E. Dix v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided April 2, 1968No. 11309_1PublishedCited by 28 opinions
1Opinion of the Court
MARVIN JONES, Senior Judge:
Taxpayers, 1 private individuals, entered a written arm’s-length contract with their 79-year-old mother, dated June 20, 1960, under which they received corporate stocks worth $162,689.75 in exchange for their promise to pay her $22,452.00 per year in semiannual installments for the remainder of her life. Immediately following this transaction, and before any payment was made to their mother, taxpayers sold a portion (74.433 percent) of these corporate stocks to a third person for $121,095.00, which was their fair market value. Two issues are involved in this case.…
2Cases cited17 opinions
- Autenreith v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1940
- McMurtry v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1953
- Reliable Incubator & Brooder Co. v. CommissionerUnited States Tax Court · 1946
- Klein v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1936
- Klein v. CommissionerUnited States Board of Tax Appeals · 1934
12 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Howard S. Scar and Ethel M. Scar v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1987
- Vaira v. CommissionerUnited States Tax Court · 1969
- Edgar v. CommissionerUnited States Tax Court · 1971
- Siple v. CommissionerUnited States Tax Court · 1970
- Estate of Gribauskas v. CommissionerUnited States Tax Court · 2001
23 more not listed; retrieve them via the Exa API.