Legal Opinion
United States v. Benedict
Supreme Court of the United States
Decided January 9, 1950No. 45PublishedCited by 27 opinions
1Opinion of the CourtJustice Burton
The question presented is whether trustees, who, in 1944, permanently set aside a charitable contribution from gains realized upon the disposition of capital assets held for more than six months, were entitled, in computing the federal income tax of the trust, to deduct the full amount of the contribution, 1 although only half of those gains were taken into account in computing net income. 2 For the reasons hereafter stated, our answer is in the negative.
The respondents are trustees of a trust created by the will of John E. Andrus. The will directs that the net income of the trust be divided…
2Cases cited13 opinions
- Helvering v. BlissSupreme Court of the United States · 1934
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1937
- Green v. CommissionerUnited States Tax Court · 1946
- United States v. PleasantsSupreme Court of the United States · 1939
- Grey v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1941
8 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- McDonald v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1954
- Sicanoff Vegetable Oil Corporation v. Commissioner of Internal Revenue, Sicanoff Tallow Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1958
- Commissioner of Internal Revenue v. Switlik (Four Cases)Court of Appeals for the Third Circuit · 1950
- Estate of Christiansen v. Comm'rUnited States Tax Court · 2008
- Green v. United StatesCourt of Appeals for the Tenth Circuit · 2018
22 more not listed; retrieve them via the Exa API.