Legal Opinion
Lewis H v. May and Nancy C. May v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided January 20, 1984No. 82-7658PublishedCited by 3 opinions
1Opinion of the Court
PREGERSON, Circuit Judge:
I. FACTS
This ease presents a typical “gift-leaseback” situation. In 1971, the taxpayers, Dr. Lewis H.V. and Nancy C. May, deeded their entire title and interest in improved real property, located in Temple City, California, to an irrevocable trust for the benefit of their four children. The trust instrument appointed Dr. May and a friend, Harlos Gross, as co-trustees. Although executed and delivered in 1971, the deed was not recorded until 1973.
Dr. May, who conducted his medical practice at the property, rented it from the trust under an oral lease. Dr. May paid the…
2Cases cited13 opinions
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Jicarilla Apache Tribe v. United StatesSupreme Court of the United States · 1979
- 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
- Golsen v. CommissionerUnited States Tax Court · 1970
8 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Drager v. CommissionerUnited States Tax Court · 1987
- W.B. Lasher Co. v. CommissionerUnited States Tax Court · 1986
- Wolfe v. CommissionerUnited States Tax Court · 1984