Frank v. Commissioner
United States Board of Tax Appeals
Held, that income derived from brokerage accounts opened and operated by the petitioner in the names of his three minor daughters was in fact income of said daughters, and is not taxable to the petitioner.
1Opinion of the Court
EMIL FRANK, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Frank v. Commissioner
Docket No. 50224.
United States Board of Tax Appeals
27 B.T.A. 1158; 1933 BTA LEXIS 1237;
April 11, 1933, Promulgated
Held, that income derived from brokerage accounts opened and operated by the petitioner in the names of his three minor daughters was in fact income of said daughters, and is not taxable to the petitioner.
W. C. Magathan, Esq., and S. L. McCormick, Esq., for the petitioner.
Harold F. Noneman, Esq., for the respondent.
TRAMMELL
This is a proceeding for the redetermination of a deficiency in…
2Cases cited1 opinion
- Frank v. CommissionerUnited States Board of Tax Appeals · 1933