Cleary v. Commissioner
United States Tax Court
Petitioner Mildred Cleary's father died testate in May 1945, designating Mildred, her sister, and their husbands as executors and trustees of his estate. Under his will, it was provided that one part of the net income up to $ 2,000 for each year should be made over and paid to Mildred.
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Petitioner Mildred Cleary's father died testate in May 1945, designating Mildred, her sister, and their husbands as executors and trustees of his estate. Under his will, it was provided that one part of the net income up to $ 2,000 for each year should be made over and paid to Mildred. For each of the years 1945 through 1955 the estate had taxable income, on which for all years except 1945, 1951, and 1953 it paid an income tax thereon, but no distributions of income were in fact made until 1953. In 1950 Mildred indicated to her husband that she wanted the income from her bequest to go to her…
1Opinion of the Court
Robert E. Cleary and Mildred W. Cleary, Petitioners, v. Commissioner of Internal Revenue, Respondent
Cleary v. Commissioner
Docket No. 75147
United States Tax Court
34 T.C. 728; 1960 U.S. Tax Ct. LEXIS 104;
July 20, 1960, Filed
Decision will be entered under Rule 50.
Petitioner Mildred Cleary's father died testate in May 1945, designating Mildred, her sister, and their husbands as executors and trustees of his estate. Under his will, it was provided that one part of the net income up to $ 2,000 for each year should be made over and paid to Mildred. For each of the years 1945 through 1955 the estate…
2Cases cited1 opinion
- Cleary v. CommissionerUnited States Tax Court · 1960