IRVINE K. FURMAN AND LORENA K. FURMAN, PETITIONERS,
v.
COMMISSIONER OF INTERNAL REVENUE, RESPONDENT
PER CURIAM.
This case involves the validity for federal income tax purposes of a so-called “Clifford Type Trust”.1 The Tax Court in a decision reported at 45 T.C. 360, found upon undisputed and almost entirely stipulated facts that the Trust lacked “economic reality”, and should not be recognized for tax purposes. For the reasons given and upon the authorities cited by the Tax Court, we affirm. ,See Van Zandt v. Commissioner of Internal Revenue, 5 Cir. 1965, 341 F. 2d 440, certiorari denied, 382 U.S. 814, 86 S.Ct. 32, 15 L.Ed.2d 62. Compare, Skemp v. Commissioner of Internal Revenue, 7 Cir. 1948, 168 F. 2d 598.
Affirmed.
. See Helvering v. Clifford, 309 U.S. 331, 60 S.Ct. 554, 84 L.Ed. 788; and Internal Revenue Code of 1954, Secs. 671-678 (26 U.S.C. 1964 Ed., Secs. 671-678).
Cases With Similar Vibessemantic neighbors from the corpus
Citator
Cited By
-
Audano v. United States, 428 F.2d 251 (5th Cir. 1970)
-
Carey J. Perry and Marietta M. Perry v. United States, 520 F.2d 235 (4th Cir. 1975)
-
Mathews v. Commissioner OF Internal Revenue, 520 F.2d 323 (5th Cir. 1975)
Previewing 3 of 5 citing cases — full citator treatment, depth of discussion, and citing context are member features.
Join FLexlaw to unlock all legal intelligenceAuthorities Cited
- Helvering v. Clifford, 309 U.S. 331 (U.S. 1940)
- Williams v. Howard Johnson's, Inc., 382 U.S. 814 (U.S. 1965)
- Van Zandt et ux. v. Commissioner of Internal Revenue, 382 U.S. 814 (U.S. 1965)
- Skemp v. Commissioner of Internal Revenue, 168 F.2d 598 (7th Cir. 1948)
- VAN Zandt v. Commissioner OF Internal Revenue, 341 F.2d 440 (5th Cir. 1965)