Legal Opinion
McGinley v. COMMISSIONER OF INTERNAL REVENUE
Court of Appeals for the Ninth Circuit
Decided December 20, 1935No. 7793PublishedCited by 3 opinions
1Opinion of the Court
MATHEWS, Circuit Judge.
Petitioner, as trustee for five minor children of herself and William McGinley, under a trust instrument executed by William McGinley on February 1, 1926, received as income, in the year 1926, $75,-000 and, in the year 1929, $39,999.70. In her fiduciary return of income for each of those years, petitioner reported the total amount of income received, .but treated it as having been received under five trusts, instead of one, one-fifth of the total being treated as the separate income of each trust. Taxes were paid on that basis for the year 1926, the aggregate amount…
2Cases cited4 opinions
- State Sav. Loan & Trust Co. v. Commissioner of Int. Rev.Court of Appeals for the Seventh Circuit · 1933
- Langford Inv. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1935
- Wynne v. CommissionerCourt of Appeals for the Fifth Circuit · 1935
- Commissioner v. United States Trust Co. of New YorkCourt of Appeals for the Second Circuit · 1935
3Cited by3 opinions
- Fidelity—Philadelphia Trust Co. v. CommissionerCourt of Appeals for the Third Circuit · 1940
- Fort Worth National Bank v. United StatesDistrict Court, N.D. Texas · 1956
- Fidelity Union Trust Co. v. KellyDistrict Court, D. New Jersey · 1938