McCandless Estate

Opinion by

Mr. Justice Arnold,

James Francis McCandless died testate December 10, 1939. On February 20, 1940, the executors filed a federal income tax return for the decedent for the period beginning January 1,1939, and ending on December 10, 1939, the date.of death. The return included not only income actually received by the decedent in his lifetime, but also income in the form of dividends accrued prior to death but which the executors had not received. On February 20,1940, the executors paid the federal income tax and the transfer inheritance tax was then settled and paid, the executors…