Nutt v. Commissioner
United States Tax Court
Stock in an Arizona corporation formed by a husband and wife while married and living together in Arizona was issued one-half to the husband and one-half to the wife. All of the stock was paid for with community funds, treated as community property, and considered by the husband and wife to be community property. Held, the stock issued in the wife's name as well as that issued in the husband's name is community property under Arizona law. (Ariz.
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Stock in an Arizona corporation formed by a husband and wife while married and living together in Arizona was issued one-half to the husband and one-half to the wife. All of the stock was paid for with community funds, treated as community property, and considered by the husband and wife to be community property. Held, the stock issued in the wife's name as well as that issued in the husband's name is community property under Arizona law. (Ariz. Rev. Stat. Ann. sec. 25-211 (1956)). Held, further, since under Arizona law a husband has the exclusive management and control of personal community…
1Opinion of the Court
Estate of John F. Nutt, Deceased, Eileen M. Nutt and Frances D. Nutt, Executrices, Petitioner v. Commissioner of Internal Revenue, Respondent; Eileen M. Nutt, Petitioner v. Commissioner of Internal Revenue, Respondent
Nutt v. Commissioner
Docket Nos. 77669, 77670
United States Tax Court
48 T.C. 718; 1967 U.S. Tax Ct. LEXIS 53;
August 18, 1967, Filed
Stock in an Arizona corporation formed by a husband and wife while married and living together in Arizona was issued one-half to the husband and one-half to the wife. All of the stock was paid for with community funds, treated as community property, and…
2Cases cited40 opinions
- Goodell v. KochSupreme Court of the United States · 1930
- Tourette v. TouretteArizona Supreme Court · 1914
- Porter v. PorterArizona Supreme Court · 1948
- Cosper v. the Valley BankArizona Supreme Court · 1925
- Munger v. BoardmanArizona Supreme Court · 1939
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