Behl v. Commissioner
United States Tax Court
Held, under applicable sections of the Trust Estates Act of Louisiana, identical with provisions of The Uniform Principal and Income Act, trustees of a testamentary trust properly charged to income interest paid by them on an estate tax deficiency, and currently distributable income taxable to trust beneficiaries is reduced accordingly.
1Opinion of the Court
OPINION.
Hill, Judge-.
A brief restatement of the significant facts will perhaps present in bolder relief the unusual and interesting questions raised by the contentions of the parties. The final account of the executors of the estate of A. F. Zimmerman was approved by order of the Ninth Judicial District Court of Louisiana on May 23, 1939, and by such order the Guaranty Bank & Trust Co. and J. W. Beasley, as trustees, were “sent into possession” of the assets of the estate. The executors failed to file the Federal estate tax return on or before June 12, 1939, as required by law, and interest…
2Cases cited9 opinions
- Acklen v. FranklinSupreme Court of Louisiana · 1852
- Succession of MarionSupreme Court of Louisiana · 1927
- Pearson v. CommissionerUnited States Tax Court · 1944
- Moseley v. . MarshallNew York Court of Appeals · 1860
- Succession of ManningSupreme Court of Louisiana · 1936
4 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Behl v. CommissionerUnited States Tax Court · 1946