Morgan v. Commissioner
United States Tax Court
Decedent acquired a tract of land at the same time he acquired timber on it in a partnership transaction. He deeded portions of the land to several members of his family. Oil was discovered on the land and the partner in the timber transaction asserted that the land had been acquired in a partnership transaction and sued the decedent for a conveyance of the land or an accounting for its value as well as an accounting for past income from the land.
Read the full summary
Decedent acquired a tract of land at the same time he acquired timber on it in a partnership transaction. He deeded portions of the land to several members of his family. Oil was discovered on the land and the partner in the timber transaction asserted that the land had been acquired in a partnership transaction and sued the decedent for a conveyance of the land or an accounting for its value as well as an accounting for past income from the land. All members of the decedent's family who held interests in this land contributed to the attorneys' fees and expenses of the defense litigation in…
1Opinion of the Court
Estate of Joseph P. Morgan, Deceased, and Margaret Koehler Morgan, Surviving Spouse, et al., 1 Petitioners, v. Commissioner of Internal Revenue, Respondent
Morgan v. Commissioner
Docket Nos. 81977, 81978, 81979, 81980
United States Tax Court
37 T.C. 31; 1961 U.S. Tax Ct. LEXIS 57; 15 Oil & Gas Rep. 909;
October 13, 1961, Filed
Decisions will be entered under Rule 50.
Decedent acquired a tract of land at the same time he acquired timber on it in a partnership transaction. He deeded portions of the land to several members of his family. Oil was discovered on the land and the partner in the timber…
2Cases cited27 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Hochschild v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1947
- JONES'ESTATE v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1942
22 more not listed; retrieve them via the Exa API.