Gordon v. Commissioner
United States Tax Court
Where petitioner, a person of means, transferred in 1939 certain shares of stock to herself and husband as trustees, the income to be accumulated for about three and one-half years until the beneficiary, who was their youngest child, reached the age of 21, at which time the accumulations were to be paid over to him and thereafter the net income until he reached the age of 23 years, at which time the trust was to terminate and the corpus and all accumulations of income, if…
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Where petitioner, a person of means, transferred in 1939 certain shares of stock to herself and husband as trustees, the income to be accumulated for about three and one-half years until the beneficiary, who was their youngest child, reached the age of 21, at which time the accumulations were to be paid over to him and thereafter the net income until he reached the age of 23 years, at which time the trust was to terminate and the corpus and all accumulations of income, if any, and any accrued, unexpended or unapplied income therefrom were to be paid to petitioner, and where the trustees were…
1Opinion of the Court
Bertha M. Gordon v. Commissioner.
Gordon v. Commissioner
Docket No. 106973.
United States Tax Court
1943 Tax Ct. Memo LEXIS 360; 1 T.C.M. (CCH) 914; T.C.M. (RIA) 43179;
April 17, 1943
Where petitioner, a person of means, transferred in 1939 certain shares of stock to herself and husband as trustees, the income to be accumulated for about three and one-half years until the beneficiary, who was their youngest child, reached the age of 21, at which time the accumulations were to be paid over to him and thereafter the net income until he reached the age of 23 years, at which time the trust was to…
2Cases cited4 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Helvering v. HorstSupreme Court of the United States · 1940
- Hyman v. CommissionerUnited States Tax Court · 1943
- Richter v. CommissionerUnited States Board of Tax Appeals · 1942