Israel v. Commissioner
United States Tax Court
Petitioner's husband was the grantor of five trusts of which petitioner is the income benficiary. The grantor of the trusts directed that all or part of the income should be paid to petitioner in annual payments and that the balance, if any, should be accumulated for other beneficiaries who were minors at the time of any accumulation; and he directed the trustees to decide and notify petitioner, not later than January 5 following the end of the year of the trusts, of her…
Read the full summary
Petitioner's husband was the grantor of five trusts of which petitioner is the income benficiary. The grantor of the trusts directed that all or part of the income should be paid to petitioner in annual payments and that the balance, if any, should be accumulated for other beneficiaries who were minors at the time of any accumulation; and he directed the trustees to decide and notify petitioner, not later than January 5 following the end of the year of the trusts, of her share of the trust income. The trustees gave the required notice to petitioner on January 3, 1944, but they did not make…
1Opinion of the Court
Babette B. Israel, Petitioner, v. Commissioner of Internal Revenue, Respondent
Israel v. Commissioner
Docket No. 12976
United States Tax Court
11 T.C. 1064; 1948 U.S. Tax Ct. LEXIS 8;
December 22, 1948, Promulgated
Decision will be entered under Rule 50.
Petitioner's husband was the grantor of five trusts of which petitioner is the income benficiary. The grantor of the trusts directed that all or part of the income should be paid to petitioner in annual payments and that the balance, if any, should be accumulated for other beneficiaries who were minors at the time of any accumulation; and he…
Also in this document: Dissent.
2Cases cited4 opinions
- Helvering v. ButterworthSupreme Court of the United States · 1933
- Green v. CommissionerUnited States Tax Court · 1946
- Israel v. CommissionerUnited States Tax Court · 1948
- In Re Coleman's EstateSupreme Court of Oklahoma · 1936