Honnold v. Commissioner
United States Board of Tax Appeals
The petitioner and his wife, residents of California, jointly executed a declaration of trust on June 24, 1926, which acknowledged receipt from the petitioner of certain certificates of stock which are assumed to have been the property of the community.
Read the full summary
The petitioner and his wife, residents of California, jointly executed a declaration of trust on June 24, 1926, which acknowledged receipt from the petitioner of certain certificates of stock which are assumed to have been the property of the community. The declaration of trust further provided that in the discretion of the trustees (the grantor and his wife), the income or principal thereof should be devoted to, or accumulated for, charitable purposes and for the further purpose of paying an annuity to his wife if she survived him. There was reserved to the grantor and his wife, jointly, the…
1Opinion of the Court
W. L. HONNOLD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Honnold v. Commissioner
Docket No. 55211.
United States Board of Tax Appeals
30 B.T.A. 774; 1934 BTA LEXIS 1269;
May 23, 1934, Promulgated
The petitioner and his wife, residents of California, jointly executed a declaration of trust on June 24, 1926, which acknowledged receipt from the petitioner of certain certificates of stock which are assumed to have been the property of the community. The declaration of trust further provided that in the discretion of the trustees (the grantor and his wife), the income or principal…
2Cases cited1 opinion
- Honnold v. CommissionerUnited States Board of Tax Appeals · 1934