Schweitzer v. Commissioner
United States Board of Tax Appeals
During the taxable years the petitioner received the income of certain trust funds which be the trust instruments was payable to him for the support, maintenance, and education of his children and for no other purpose whatsoever. He so expended the funds received. Held, that the petitioner is liable to income tax in respect of the income thus received.
1Opinion of the Court
OPINION.
Smith:
These proceedings involve deficiencies in petitioner’s income taxes for the calendar years 1928 and 1929 in the amounts of $4,487.27 and $4,098.73, respectively. The only question for our determination is whether the petitioner is taxable upon the income from certain trusts created by him in 1925 and 1926, which income, under the trust agreements, was payable to him to be used solely for the support, maintenance, and education of his three minor children. The petitioner reserved the power to revoke the trusts with the consent of his wife, who was a contingent beneficiary. The…
2Cases cited3 opinions
- Burnet v. WellsSupreme Court of the United States · 1933
- Stetson v. CommissionerUnited States Board of Tax Appeals · 1932
- Smith v. CommissionerUnited States Board of Tax Appeals · 1931
3Cited by7 opinions
- Handly v. CommissionerUnited States Board of Tax Appeals · 1934
- Honnold v. CommissionerUnited States Board of Tax Appeals · 1934
- Washington v. CommissionerUnited States Board of Tax Appeals · 1934
- Grosvenor v. CommissionerUnited States Board of Tax Appeals · 1934
- Handly v. CommissionerUnited States Board of Tax Appeals · 1934
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