Vreeland v. Commissioner
United States Tax Court
The income of a trust created by petitioner which remained after the payment of the expenses of administering and managing the properties which comprised the trust corpus was to be used to pay insurance premiums on petitioner's life, to pay personal obligations of petitioner, and to pay petitioner not more than $ 6,000 per year for her support and maintenance.
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The income of a trust created by petitioner which remained after the payment of the expenses of administering and managing the properties which comprised the trust corpus was to be used to pay insurance premiums on petitioner's life, to pay personal obligations of petitioner, and to pay petitioner not more than $ 6,000 per year for her support and maintenance. Held: The income of the trust which remained after the payment of the expenses of administering and operating the trust properties was distributable for the benefit of petitioner and is includible in her net income under section 167…
1Opinion of the Court
OPINION.
Harron, Judge:
Some of the facts materia] to this proceeding have been stipulated. Additional evidence was adduced through the testimony of one of the trustees of tbe trust and from examination of the exhibits. The facts have been found from the entire record.
In 1931, the petitioner created a trust, the corpus of which consisted of real properties and securities in which the petitioner either owned a life estate or an outright interest. The trustees were instructed to collect and receive the rents, dividends, and interest from the properties comprising the corpus of the trust and to…
2Cases cited13 opinions
- Burnet v. WellsSupreme Court of the United States · 1933
- Anderson v. WilsonSupreme Court of the United States · 1933
- Reinecke v. SmithSupreme Court of the United States · 1933
- Ewald v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1944
- Busch v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1931
8 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Edgar v. CommissionerUnited States Tax Court · 1971
- Markle v. CommissionerUnited States Tax Court · 1952
- Mellott v. United StatesCourt of Appeals for the Third Circuit · 1958
- Kearney v. United StatesDistrict Court, S.D. New York · 1953
- Mellott v. United StatesCourt of Appeals for the Third Circuit · 1958
4 more not listed; retrieve them via the Exa API.