Galewitz v. Commissioner
United States Tax Court
Petitioner and his sister paid for and held 9 out of 10 shares of stock of a family-owned corporation. The shares were income-producing property. Their father, Jacob, owned 1 share, which passed to his estate upon his death in 1950. Jacob was survived by Hannah, the stepmother of petitioner, to whom he bequeathed in his will the income, for life, of one-third of his estate.
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Petitioner and his sister paid for and held 9 out of 10 shares of stock of a family-owned corporation. The shares were income-producing property. Their father, Jacob, owned 1 share, which passed to his estate upon his death in 1950. Jacob was survived by Hannah, the stepmother of petitioner, to whom he bequeathed in his will the income, for life, of one-third of his estate. In 1951, Hannah sued petitioner, his sister, and others seeking to have set aside the issuance of the 9 shares to petitioner and his sister, and to have those shares made part of Jacob's estate. If that result had been…
1Opinion of the Court
Samuel Galewitz and Marian Galewitz, Petitioners v. Commissioner of Internal Revenue, Respondent
Galewitz v. Commissioner
Docket No. 1078-66
United States Tax Court
50 T.C. 104; 1968 U.S. Tax Ct. LEXIS 143;
April 17, 1968, Filed
Decision will be entered for the petitioners.
Petitioner and his sister paid for and held 9 out of 10 shares of stock of a family-owned corporation. The shares were income-producing property. Their father, Jacob, owned 1 share, which passed to his estate upon his death in 1950. Jacob was survived by Hannah, the stepmother of petitioner, to whom he bequeathed in his will the…
2Cases cited1 opinion
- Galewitz v. CommissionerUnited States Tax Court · 1968