Kimball v. Commissioner
United States Board of Tax Appeals
The beneficiary of an estate is not liable to income tax in respect of income of the estate not received by him but held by the estate pursuant to the provisions of the will of the decedent until such time as the principal of certain advancements has been wiped out.
1Opinion of the Court
DAVID KIMBALL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Kimball v. Commissioner
Docket No. 11968.
United States Board of Tax Appeals
8 B.T.A. 475; 1927 BTA LEXIS 2855;
October 4, 1927, Promulgated
The beneficiary of an estate is not liable to income tax in respect of income of the estate not received by him but held by the estate pursuant to the provisions of the will of the decedent until such time as the principal of certain advancements has been wiped out.
Henry H. Kimball, Esq., for the petitioner.
W. F. Gibbs, Esq., for the respondent.
SMITH
This is a proceeding for the…
2Cases cited1 opinion
- Kimball v. CommissionerUnited States Board of Tax Appeals · 1927