Doing v. Commissioner
United States Tax Court
In 1964, petitioner established a self-employment profit-sharing retirement plan with an investment fund held under a bank custodial account. In 1966, he decided to change his investment medium from this initial fund to another fund. Petitioner made an application for a self-employment profit-sharing retirement plan with a new bank custodian to invest in the second fund.
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In 1964, petitioner established a self-employment profit-sharing retirement plan with an investment fund held under a bank custodial account. In 1966, he decided to change his investment medium from this initial fund to another fund. Petitioner made an application for a self-employment profit-sharing retirement plan with a new bank custodian to invest in the second fund. He then requested the first custodian to liquidate the shares in the initial fund and forward the proceeds directly to the second fund under the new custodial account. The first custodian, instead, sent the proceeds by check…
1Opinion of the Court
Keith L. Doing and Martha J. Doing, Petitioners v. Commissioner of Internal Revenue, Respondent
Doing v. Commissioner
Docket No. 5237-69
United States Tax Court
58 T.C. 115; 1972 U.S. Tax Ct. LEXIS 142;
April 25, 1972, Filed
Decision will be entered for the petitioners.
In 1964, petitioner established a self-employment profit-sharing retirement plan with an investment fund held under a bank custodial account. In 1966, he decided to change his investment medium from this initial fund to another fund. Petitioner made an application for a self-employment profit-sharing retirement plan with a new bank…
2Cases cited8 opinions
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
- Girard Trust Co. v. United StatesSupreme Court of the United States · 1926
- United States v. Rhode Island Hospital Trust CompanyCourt of Appeals for the First Circuit · 1966
- Fuchs v. CommissionerUnited States Tax Court · 1966
- National Metropolitan Bank v. United StatesUnited States Court of Claims · 1950
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