Ashforth v. Commissioner
United States Board of Tax Appeals
Where the grantor of a trust reserved the power to revoke the trust and revest in himself title to the trust property upon giving notice of his intention to the trustees within the first fifteen days in December in the year preceding the contemplated revocation, held, such notice not having been given, the income of the trust is not taxable to the grantor under section 219(g) of the Revenue Act of 1926.
1Opinion of the Court
MABEL A. ASHFORTH, H. ADAMS ASHFORTH, ALBERT B. ASHFORTH, JR., AND GEORGE T. ASHFORTH, EXECUTORS, ESTATE OF ALBERT B. ASHFORTH, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL revenue, respondent.
Ashforth v. Commissioner
Docket Nos. 47190, 48009, 49354.
United States Board of Tax Appeals
26 B.T.A. 1188; 1932 BTA LEXIS 1176;
October 12, 1932, Promulgated
Where the grantor of a trust reserved the power to revoke the trust and revest in himself title to the trust property upon giving notice of his intention to the trustees within the first fifteen days in December in the year preceding the…
2Cases cited1 opinion
- Ashforth v. CommissionerUnited States Board of Tax Appeals · 1932