McGinley v. Commissioner
United States Board of Tax Appeals
Held, under the facts in the record, there was one trust with five beneficiaries and not five separate trusts, and petitioner should return the entire net income for the five beneficiaries as a unit.
1Opinion of the Court
GERTRUDE MCGINLEY, TRUSTEE, WILLIAM MCGINLEY TRUST, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
McGinley v. Commissioner
Docket Nos. 49320, 59472.
United States Board of Tax Appeals
31 B.T.A. 81; 1934 BTA LEXIS 1169;
August 10, 1934, Promulgated
Held, under the facts in the record, there was one trust with five beneficiaries and not five separate trusts, and petitioner should return the entire net income for the five beneficiaries as a unit.
Lawrence Tarlton, Esq., for the petitioner.
DeWitt M. Evans, Esq., for the respondent.
ADAMS
OPINION.
ADAMS: Deficiencies in income tax of $6,960…
2Cases cited1 opinion
- McGinley v. CommissionerUnited States Board of Tax Appeals · 1934