Waller v. Commissioner
United States Tax Court
1. The petitioners were the creators and trustees of the M. & W. Waller Fund and were its sole donors. They donated outright to the Fund securities which had enhanced in value in their hands over the cost basis thereof, and claimed charitable deductions in the amount of the fair market value of such securities.
Read the full summary
1. The petitioners were the creators and trustees of the M. & W. Waller Fund and were its sole donors. They donated outright to the Fund securities which had enhanced in value in their hands over the cost basis thereof, and claimed charitable deductions in the amount of the fair market value of such securities. They also sold to the Fund at their cost basis other securities which had enhanced in value in their hands, receiving payment therefor after the Fund had sold the securities, and claimed deductions of the difference between the fair market value and the amounts received from the Fund.…
1Opinion of the Court
William Waller and Milbrey W. Waller, Petitioners, v. Commissioner of Internal Revenue, Respondent. William Waller, Petitioner, v. Commissioner of Internal Revenue, Respondent
Waller v. Commissioner
Docket Nos. 66319, 90677
United States Tax Court
39 T.C. 665; 1963 U.S. Tax Ct. LEXIS 208;
January 16, 1963, Filed
Decisions will be entered under Rule 50.
1. The petitioners were the creators and trustees of the M. & W. Waller Fund and were its sole donors. They donated outright to the Fund securities which had enhanced in value in their hands over the cost basis thereof, and claimed charitable…
2Cases cited22 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Burnet v. LoganSupreme Court of the United States · 1931
- Better Business Bureau of Washington, D. C., Inc. v. United StatesSupreme Court of the United States · 1946
- Nicol v. AmesSupreme Court of the United States · 1899
- Shomaker v. CommissionerUnited States Tax Court · 1962
17 more not listed; retrieve them via the Exa API.