Fargason v. Commissioner
United States Board of Tax Appeals
1. Petitioner's father died prior to March 1, 1913, leaving a will in which he gave, bequeathed and devised all his property, both real and personal to petitioner and his sister.
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1. Petitioner's father died prior to March 1, 1913, leaving a will in which he gave, bequeathed and devised all his property, both real and personal to petitioner and his sister. Held that the real estate owned by petitioner's father at the time of his death passed immediately to petitioner and his sister as tenants in common and was at no time owned by the estate of petitioner's father or the executors thereof. 2. Upon the evidence, held, petitioner and his sister made a gift with a condition subsequent attached to a donee of the class specified in section 214(a)(11) of the Revenue Act of…
1Opinion of the Court
*1034OPINION.
Love:
The question presented in this case is whether petitioner is entitled to any deduction from hi$ gross income in 1922 under the provisions of section 214 (a) (11) of the Revenue Act of 1921 on account of the conveyance to the university on January 4, 1922, *1035of 14.68 acres of land, and, if so, the determination of the amount thereof. Section 214, supra, provides in part that in computing net income there shall be allowed as deductions:(11) Contributions or gifts made within the taxable year to or for the use of * * * any corporation * * * organized and operated exclusively for * * *…
2Cases cited7 opinions
- Beaumont v. BeaumontCourt of Appeals for the Third Circuit · 1907
- Jost v. WolfWisconsin Supreme Court · 1906
- Hackett v. MoxleySupreme Court of Vermont · 1892
- Bennett v. CookSupreme Court of South Carolina · 1888
- Gould v. Van HorneCalifornia Court of Appeal · 1919
2 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Estate Of O. J. WardwellCourt of Appeals for the Eighth Circuit · 1962
- Estate of Wardwell v. CommissionerCourt of Appeals for the Eighth Circuit · 1962
- Withers v. CommissionerUnited States Tax Court · 1978
- Coulter v. CommissionerUnited States Tax Court · 1950
- Deukmejian v. CommissionerUnited States Tax Court · 1981
6 more not listed; retrieve them via the Exa API.