American Trust Co. v. Commissioner
United States Board of Tax Appeals
A taxpayer, residing in Missouri, in 1916 conveyed all his property by a duly recorded trust deed to trustees for the payment of his debts and the use and benefit of his children after his death, reserving to himself during his life only income therefrom.
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A taxpayer, residing in Missouri, in 1916 conveyed all his property by a duly recorded trust deed to trustees for the payment of his debts and the use and benefit of his children after his death, reserving to himself during his life only income therefrom. He died in November, 1921, having duly filed his individual income-tax return for the calendar year 1920. The Commissioner, under section 3176 of the Revised Statutes of the United States, filed return for him for the calendar year 1921. Deficiencies in income tax for 1920 and 1921 were duly assessed against his administrator, from whom…
1Opinion of the Court
AMERICAN TRUST CO. AND JOHN E. BISHOP, TRUSTEES, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
American Trust Co. v. Commissioner
Docket No. 29173.
United States Board of Tax Appeals
18 B.T.A. 580; 1929 BTA LEXIS 2009;
December 31, 1929, Promulgated
A taxpayer, residing in Missouri, in 1916 conveyed all his property by a duly recorded trust deed to trustees for the payment of his debts and the use and benefit of his children after his death, reserving to himself during his life only income therefrom. He died in November, 1921, having duly filed his individual income-tax return for…
2Cases cited3 opinions
- McFarland v. BishopSupreme Court of Missouri · 1920
- Graves v. CommissionerUnited States Board of Tax Appeals · 1928
- American Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1929