Estate of Shafer v. Commissioner
United States Tax Court
In 1939, independent parties sold vacation property and executed a deed granting decedent and his wife life interests, with remainder interests to their two sons. The deed states that "one dollar and other valuable considerations" were paid by decedent, his wife, and his two sons. The wife predeceased decedent.
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In 1939, independent parties sold vacation property and executed a deed granting decedent and his wife life interests, with remainder interests to their two sons. The deed states that "one dollar and other valuable considerations" were paid by decedent, his wife, and his two sons. The wife predeceased decedent. In connection with respondent's audit of her estate, the sons, executors of her estate, swore in affidavits that decedent bought the property and was a sole purchaser. The sons also became executors of decedent's estate. In a letter from one of the sons in connection with respondent's…
1Opinion of the Court
Estate of Arthur C. Shafer, Deceased, Chase Shafer, Coexecutor and Resor Shafer, Coexecutor, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Shafer v. Commissioner
Docket No. 10301-78
United States Tax Court
80 T.C. 1145; 1983 U.S. Tax Ct. LEXIS 66; 80 T.C. No. 63;
June 28, 1983, Filed
Decision will be entered for the respondent.
In 1939, independent parties sold vacation property and executed a deed granting decedent and his wife life interests, with remainder interests to their two sons. The deed states that "one dollar and other valuable considerations" were paid by decedent,…
2Cases cited20 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Helvering v. HallockSupreme Court of the United States · 1940
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- Commissioner v. Estate of ChurchSupreme Court of the United States · 1949
- Foster v. Comm'rUnited States Tax Court · 1983
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