Legal Opinion
C. James Mathews v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided October 1, 1975No. 74-2084PublishedCited by 49 opinions
1Opinion of the Court
JOHN R. BROWN, Chief Judge:
Because our system of taxing personal income employs a progressive rate, 1 taxpayers may reduce its impact on them if they can split their income amongst family members. The Mathews (Taxpayers) —operators of a funeral home in Florida — attempted this by transferring ownership of the property used in the husband’s wholly-owned business to a trust, leasing it back, then deducting the rental payments. 2 They contend the arrangement succeeded in its purpose of crossing to the less burdensome side of the line between Van Zandt 3 and Skemp 4 The Tax Court agreed, 5 but we…
2Cases cited10 opinions
- Furman v. CommissionerUnited States Tax Court · 1966
- Irvine K. Furman and Lorena K. Furman v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1967
- Skemp v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1948
- Brown v. Commissioner of Internal Revenue (Two Cases)Court of Appeals for the Third Circuit · 1950
- I. L. Van Zandt and Ruth B. Van Zandt v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1965
5 more not listed; retrieve them via the Exa API.
3Cited by49 opinions
- Grodt & McKay Realty, Inc. v. CommissionerUnited States Tax Court · 1981
- Luman v. CommissionerUnited States Tax Court · 1982
- Markosian v. CommissionerUnited States Tax Court · 1980
- BJR Corp. v. CommissionerUnited States Tax Court · 1976
- Epp v. CommissionerUnited States Tax Court · 1982
44 more not listed; retrieve them via the Exa API.