Hormel v. Commissioner
United States Board of Tax Appeals
1. The evidence is insufficient to establish what portion, if any, of the income received by certain beneficiaries of a trust represents taxes thereon. 2. In the circumstances herein amounts received by the petitioners taxes thereon. as beneficiaries of a trust can not be identified as dividends received from domestic corporations for the purpose of allowing credit in computing income subject to normal tax.
1Opinion of the Court
JOHN G. HORMEL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
BENJAMIN F. HORMEL, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
O. W. O'BERG, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hormel v. Commissioner
Docket Nos. 34765-34767, 44967-44969, 55631, 55632.
United States Board of Tax Appeals
25 B.T.A. 703; 1932 BTA LEXIS 1485;
February 29, 1932, Promulgated
1. The evidence is insufficient to establish what portion, if any, of the income received by certain beneficiaries of a trust represents taxes thereon.
2. In the circumstances herein amounts…
2Cases cited1 opinion
- Hormel v. CommissionerUnited States Board of Tax Appeals · 1932