Stevens v. Commissioner
United States Board of Tax Appeals
Held, that the petitioner created a parol trust for his son and daughter with respect to a portion of the stock appearing of record in his name, and two-thirds of the dividends from such stock should be excluded from his gross income.
1Opinion of the Court
JOHN H. STEVENS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Stevens v. Commissioner
Docket No. 29685.
United States Board of Tax Appeals
24 B.T.A. 52; 1931 BTA LEXIS 1706;
September 17, 1931, Promulgated
Held, that the petitioner created a parol trust for his son and daughter with respect to a portion of the stock appearing of record in his name, and two-thirds of the dividends from such stock should be excluded from his gross income.
Robert N. Holt, Esq., and C. F. Fuller, C.P.A., for the petitioner.
Arthur Carnduff, Esq., for the respondent.
TRAMMELL
This is a proceeding for the…
2Cases cited1 opinion
- Stevens v. CommissionerUnited States Board of Tax Appeals · 1931