Fossett v. Commissioner
United States Tax Court
Upon the facts, held that the executors properly credited net income for the taxable year to the beneficiaries and are, therefore, entitled to deduct such credits under section 162 (c), Internal Revenue Code, Estate of Andrew J. Igoe, 6 T. C. 639.
1Opinion of the Court
Estate of John Fossett, Deceased, Melvin E. Jepson, Coexecutor, Petitioner, v. Commissioner of Internal Revenue, Respondent
Fossett v. Commissioner
Docket No. 36044
United States Tax Court
21 T.C. 874; 1954 U.S. Tax Ct. LEXIS 274;
March 9, 1954, Promulgated
Decision will be entered under Rule 50.
Upon the facts, held that the executors properly credited net income for the taxable year to the beneficiaries and are, therefore, entitled to deduct such credits under section 162 (c), Internal Revenue Code, Estate of Andrew J. Igoe, 6 T. C. 639.
Henry W. Howard, Esq., for the petitioner.
Dan S. Morrison,…
2Cases cited5 opinions
- Commissioner of Internal Revenue v. StearnsCourt of Appeals for the Second Circuit · 1933
- Cohen v. CommissionerUnited States Tax Court · 1947
- Igoe v. CommissionerUnited States Tax Court · 1946
- Zellerbach v. CommissionerUnited States Tax Court · 1947
- Fossett v. CommissionerUnited States Tax Court · 1954