Teschner v. Commissioner
United States Tax Court
38 T.C. 1003 (1962)
Relevant factsFree
Teschner (plaintiff) entered a contest for an education annuity that had an age eligibility requirement he did not meet, naming his granddaughter as the prize's beneficiary from the start, and his entry won; the Commissioner (defendant) assessed the prize as taxable gross income to Teschner personally.
IssueFree
Whether, under federal tax law, a taxpayer earns income if he never had a right to the income despite performing the services to acquire it for another.