Aagaard v. Commissioner
United States Tax Court
Petitioner-husbands are doctors, who operated their medical practice through a partnership. Petitioner-husbands purportedly transferred most of the partnership assets to a trust, and assigned all of the partnership income to the trust.Petitioner-husbands continued to use the partnership assets in their medical practice.
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Petitioner-husbands are doctors, who operated their medical practice through a partnership. Petitioner-husbands purportedly transferred most of the partnership assets to a trust, and assigned all of the partnership income to the trust.Petitioner-husbands continued to use the partnership assets in their medical practice. Petitioners in each docket also purportedly transferred to a family trust certain personal assets, their lifetime personal services (except for their medical services) and all remuneration therefrom, and their beneficial interests in the first trust. Petitioners continued to…
1Opinion of the Court
CARL M. J. AAGAARD AND EARLA G. AAGAARD, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent; KENLEY W. FALCONER AND LOLITA E. FALCONER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Aagaard v. Commissioner
Docket Nos. 13770-80, 13773-80.
United States Tax Court
T.C. Memo 1985-194; 1985 Tax Ct. Memo LEXIS 435; 49 T.C.M. (CCH) 1278; T.C.M. (RIA) 85194;
April 23, 1985.
Petitioner-husbands are doctors, who operated their medical practice through a partnership. Petitioner-husbands purportedly transferred most of the partnership assets to a trust, and assigned all of the…
2Cases cited13 opinions
- Luman v. CommissionerUnited States Tax Court · 1982
- Wallace J. Vnuk and Frances R. Vnuk v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1980
- Markosian v. CommissionerUnited States Tax Court · 1980
- Vercio v. CommissionerUnited States Tax Court · 1980
- Professional Services v. CommissionerUnited States Tax Court · 1982
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