McJunkin v. Commissioner
United States Tax Court
Decedent, during the years 1935 through 1944, received $ 29,250 for services rendered as a trustee; and of this sum he received $ 22,500 in the year 1944. He claimed the benefit of section 107 (a) of the Internal Revenue Code (1939) on the ground that, if the gross compensation received were reduced by certain expenses claimed to be applicable to his services as trustee, the net compensation received in 1944 would be more than 80 per cent of his total net compensation for…
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Decedent, during the years 1935 through 1944, received $ 29,250 for services rendered as a trustee; and of this sum he received $ 22,500 in the year 1944. He claimed the benefit of section 107 (a) of the Internal Revenue Code (1939) on the ground that, if the gross compensation received were reduced by certain expenses claimed to be applicable to his services as trustee, the net compensation received in 1944 would be more than 80 per cent of his total net compensation for all years. The trust indenture provided that expenses of a trustee were reimbursable to him from the trust, and the trust…
1Opinion of the Court
Estate of W. P. McJunkin, Deceased, Fidelity Trust Company, Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
McJunkin v. Commissioner
Docket No. 34185
United States Tax Court
25 T.C. 16; 1955 U.S. Tax Ct. LEXIS 81;
October 14, 1955, Filed
Decision will be entered for the respondent.
Decedent, during the years 1935 through 1944, received $ 29,250 for services rendered as a trustee; and of this sum he received $ 22,500 in the year 1944. He claimed the benefit of section 107 (a) of the Internal Revenue Code (1939) on the ground that, if the gross compensation received were reduced…
2Cases cited6 opinions
- Podems v. CommissionerUnited States Tax Court · 1955
- Commissioner of Internal Revenue v. SmithCourt of Appeals for the Second Circuit · 1953
- Smith v. CommissionerUnited States Tax Court · 1951
- Glendinning, McLeish & Co. v. Commissioner of Internal Rev.Court of Appeals for the Second Circuit · 1932
- Standard Oil Co. v. CommissionerUnited States Tax Court · 1948
1 more not listed; retrieve them via the Exa API.