Mayer v. Commissioner
United States Board of Tax Appeals
The petitioner is a Pennsylvania trust estate, and during the years 1920 to 1923, both inclusive, the income was distributed in part and accumulated in part. However, under the law of Pennsylvania, the entire income was distributable. Held that said income is taxable only to the beneficiaries under section 219(d) of the Revenue Acts of 1918 and 1921.
1Opinion of the Court
ESTATE OF HENRY MAYER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Mayer v. Commissioner
Dockets No. 18325, 37209.
United States Board of Tax Appeals
16 B.T.A. 1164; 1929 BTA LEXIS 2436;
June 27, 1929, Promulgated
The petitioner is a Pennsylvania trust estate, and during the years 1920 to 1923, both inclusive, the income was distributed in part and accumulated in part. However, under the law of Pennsylvania, the entire income was distributable. Held that said income is taxable only to the beneficiaries under section 219(d) of the Revenue Acts of 1918 and 1921.
Charles H. English,…
2Cases cited1 opinion
- Mayer v. CommissionerUnited States Board of Tax Appeals · 1929