Losh v. Commissioner
United States Tax Court
Income of part interest in family partnership held by petitioner in a trust created by him and his wife for the benefit of minor sons, over which he had large powers of control, including authority to use income for sons' support, held, taxable in part to petitioner and also in part to his wife in view of their community property status. Helvering v. Clifford, 309 U.S. 331; Helvering v. Stuart, 317 U.S. 154.
1Opinion of the Court
A. R. Losh, Petitioner, v. Commissioner of Internal Revenue, Respondent. Jennie C. Losh, Petitioner, v. Commissioner of Internal Revenue, Respondent
Losh v. Commissioner
Docket Nos. 106892, 106893
United States Tax Court
1 T.C. 1019; 1943 U.S. Tax Ct. LEXIS 175;
April 27, 1943, Promulgated
Decisions will be entered under Rule 50.
Income of part interest in family partnership held by petitioner in a trust created by him and his wife for the benefit of minor sons, over which he had large powers of control, including authority to use income for sons' support, held, taxable in part to petitioner and…
2Cases cited3 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Helvering v. StuartSupreme Court of the United States · 1942
- Losh v. CommissionerUnited States Tax Court · 1943