Dean v. Commissioner
United States Board of Tax Appeals
TRUST INCOME. - Where certain trust income earned during the taxable calendar years 1929 and 1930 was distributable to petitioner on January 4 of the following year, if petitioner were then alive, but if his death occurred during the period December 31 to January 4, the amount would be added to corpus and ultimately distributed to others, held, such amount at December 31 of each year was income accumulated in trust for the benefit of unascertained persons or persons with…
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TRUST INCOME. - Where certain trust income earned during the taxable calendar years 1929 and 1930 was distributable to petitioner on January 4 of the following year, if petitioner were then alive, but if his death occurred during the period December 31 to January 4, the amount would be added to corpus and ultimately distributed to others, held, such amount at December 31 of each year was income accumulated in trust for the benefit of unascertained persons or persons with contingent interests and is not taxable to petitioner under section 162(b), Revenue Act of 1928. Augustus H. Eustis,30…
1Opinion of the Court
MASON L. DEAN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Dean v. Commissioner
Docket Nos. 61205, 69832.
United States Board of Tax Appeals
35 B.T.A. 839; 1937 BTA LEXIS 834;
April 2, 1937, Promulgated
TRUST INCOME. - Where certain trust income earned during the taxable calendar years 1929 and 1930 was distributable to petitioner on January 4 of the following year, if petitioner were then alive, but if his death occurred during the period December 31 to January 4, the amount would be added to corpus and ultimately distributed to others, held, such amount at December 31 of each…
2Cases cited2 opinions
- Eustis v. CommissionerUnited States Board of Tax Appeals · 1934
- Dean v. CommissionerUnited States Board of Tax Appeals · 1937