Legal Opinion
James Richard Bowden v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided July 28, 1956No. 15922_1PublishedCited by 23 opinions
1Opinion of the Court
JONES, Circuit Judge.
The petitioner, James Richard Bow-den, herein called the taxpayer, and his two sisters, in 1950, created an irrevocable trust by a written agreement with Trust Company of Georgia. The donors transferred to the trustee assets of a value of slightly more than $300,000. The contribution of the taxpayer to the trust res was of the value of $100,392.48. The taxpayer was then fifty-two years of age. The trust agreement provided for payment of $400.00 per month to each donor for life. The rights to these payments inured, upon the death of a donor, to his or her lineal heirs with…
2Cases cited11 opinions
- Smith v. ShaughnessySupreme Court of the United States · 1943
- Commissioner v. DisstonSupreme Court of the United States · 1945
- Simpson v. United StatesSupreme Court of the United States · 1920
- Lillian Kilpatrick v. Commissioner of Internal Revenue, Commissioner of Internal Revenue v. Lillian KilpatrickCourt of Appeals for the Fifth Circuit · 1955
- McMurtry v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1953
6 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Fehrs v. United StatesUnited States Court of Claims · 1980
- Estate of Bogley v. United StatesUnited States Court of Claims · 1975
- Sarah M. Harris v. United StatesCourt of Appeals for the Fifth Circuit · 1985
- Lazarus v. CommissionerUnited States Tax Court · 1972
- Dix v. CommissionerUnited States Tax Court · 1966
18 more not listed; retrieve them via the Exa API.