McGehee v. Commissioner
United States Tax Court
1. After complete transfers of stock in contemplation of death, stock dividends were paid on the stock out of current earnings.
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1. After complete transfers of stock in contemplation of death, stock dividends were paid on the stock out of current earnings. Held, that the shares of stock distributed as stock dividends are includible in the gross estate of the transferor as transfers made in contemplation of death. 2. The decedent left her entire estate in fee simple to her husband without restriction on disposal or use thereof, or the income therefrom, except that any of the property owned by him at the time of his death was to pass to designated persons. Held, that the bequest to the surviving spouse does not entitle…
1Opinion of the Court
Estate of Delia Crawford McGehee, Deceased, Matthew Rives McGehee, Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
McGehee v. Commissioner
Docket No. 53447
United States Tax Court
28 T.C. 412; 1957 U.S. Tax Ct. LEXIS 182;
May 23, 1957, Filed
Decision will be entered under Rule 50.
1. After complete transfers of stock in contemplation of death, stock dividends were paid on the stock out of current earnings. Held, that the shares of stock distributed as stock dividends are includible in the gross estate of the transferor as transfers made in contemplation of death.
2. The decedent…
Also in this document: Dissent · Fossan; Dissent · Withey.
2Cases cited17 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- United States v. WellsSupreme Court of the United States · 1931
- Estate of Edward F. Pipe, Deceased, Nettie M. Pipe v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Pipe v. CommissionerUnited States Tax Court · 1954
- Igleheart v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1935
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