Oakman v. Commissioner
United States Board of Tax Appeals
Held that the trust involved meets the requirements of section 704(b) of the Revenue Act of 1928 and that the income thereof, whether distributed or not, is taxable to the beneficiaries.
1Opinion of the Court
COMMISSIONER OF INTERNAL REVENUE, RESPONDENT., TRUSTEE, PETITIONER, v.
Oakman v. Commissioner
Docket No. 42917.
United States Board of Tax Appeals
24 B.T.A. 84; 1931 BTA LEXIS 1693;
September 22, 1931, Promulgated
Held that the trust involved meets the requirements of section 704(b) of the Revenue Act of 1928 and that the income thereof, whether distributed or not, is taxable to the beneficiaries.
J. Marvin Haynes, Esq., and C. J. McGuire, Esq., for the petitioner.
Arthur Carnduff, Esq., for the respondent.
VAN FOSSAN
This proceeding was brought for the redetermination of deficiencies in income taxes…
2Cases cited1 opinion
- Oakman v. CommissionerUnited States Board of Tax Appeals · 1931