Home/Fifth Circuit/Irvine K. Furman and Lorena K. Furman v. Commissioner of Internal Revenue

Irvine K. Furman and Lorena K. Furman v. Commissioner of Internal Revenue

381 F.2d 22, 20 A.F.T.R.2d (RIA) 5244, 1967 U.S. App. LEXIS 5475
CourtCourt of Appeals for the Fifth Circuit
DecidedJuly 27, 1967
Docket23755
StatusPublished
Cited by85 cases

This text of 381 F.2d 22 (Irvine K. Furman and Lorena K. Furman v. Commissioner of Internal Revenue) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fifth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Irvine K. Furman and Lorena K. Furman v. Commissioner of Internal Revenue, 381 F.2d 22, 20 A.F.T.R.2d (RIA) 5244, 1967 U.S. App. LEXIS 5475 (5th Cir. 1967).

Opinion

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.

1

. 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).

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381 F.2d 22, 20 A.F.T.R.2d (RIA) 5244, 1967 U.S. App. LEXIS 5475, Counsel Stack Legal Research, https://law.counselstack.com/opinion/irvine-k-furman-and-lorena-k-furman-v-commissioner-of-internal-revenue-ca5-1967.