Baldwin v. Commissioner

GAIL H. BALDWIN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Baldwin v. Commissioner

Docket No. 83665.

United States Board of Tax Appeals

36 B.T.A. 364; 1937 BTA LEXIS 727;

July 22, 1937, Promulgated

Dividends on shares irrevocably transferred in trust for the payment of premiums on an insurance policy on the life of the settlor's husband are not taxable to the settlor. Lucy A. Blumenthal,30 B.T.A. 591.

Urban E. Wild, Esq., and Ernest R. Cameron, C.P.A., for the petitioner.

Arthur H. Fast. Esq., and Henry L. Young, Esq., for the respondent.

STERNHAGEN

OPINION.

STERNHAGEN: The…