Clegg v. Commissioner
United States Board of Tax Appeals
1. A decree of the Superior Court of California, having jurisdiction, approving the account of trustees of a testamentary trust wherein the amount of income distributable to the beneficiary in the taxable year was determined, is final and binding upon the Board as to the amount of income currently distributable and taxable to the beneficiary of the trust under section 162(b) of the Revenue Act of 1938. 2. Amounts paid by the trustees of a testamentary trust in the taxable…
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1. A decree of the Superior Court of California, having jurisdiction, approving the account of trustees of a testamentary trust wherein the amount of income distributable to the beneficiary in the taxable year was determined, is final and binding upon the Board as to the amount of income currently distributable and taxable to the beneficiary of the trust under section 162(b) of the Revenue Act of 1938. 2. Amounts paid by the trustees of a testamentary trust in the taxable year for Federal transfer taxes and for state income taxes imposed in part upon income derived from the sale of…
1Opinion of the Court
JOSEPHINE TOWNE CLEGG, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. *
ARLINE TOWNE HOTLE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
WILLIAM STARK TOWNE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
LINDSAY TOWNE CLEGG, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Clegg v. Commissioner
Docket Nos. 105519, 105549, 105550, 105551.
United States Board of Tax Appeals
47 B.T.A. 934; 1942 BTA LEXIS 626;
October 23, 1942, Promulgated
1. A decree of the Superior Court of California, having jurisdiction, approving the account of trustees of a…
2Cases cited11 opinions
- Blair v. CommissionerSupreme Court of the United States · 1937
- Morgan v. CommissionerSupreme Court of the United States · 1940
- Freuler v. HelveringSupreme Court of the United States · 1934
- Sponable v. DareCalifornia Supreme Court · 1925
- Gartenlaub v. Union Tr. Co. of S.F.California Supreme Court · 1921
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