Flynn v. Commissioner
United States Board of Tax Appeals
The Chamberlain of the City of New York is taxable as trustee for remaindermen where he holds and invests a fund under court orders until such time as the court can determine those who are entitled to the fund awarded as compensation for a remainder interest in land taken by right of eminent domain.
1Opinion of the Court
EDWARD J. FLYNN, AS CHAMBERLAIN OF THE CITY OF NEW YORK, PROPOSED TO BE ASSESSED BY THE FEDERAL INCOME TAX BUREAU UNDER THE FICTITIOUS NAME OF CITY CHAMBERLAIN ACTING IN CAPACITY OF TRUSTEE FOR THE REMAINDERMEN U/W ROBERT SWIFT LIVINGSTON, ROOM 860, MUNICIPAL BUILDING, NEW YORK, N.Y., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Flynn v. Commissioner
Docket No. 31214.
United States Board of Tax Appeals
21 B.T.A. 1329; 1931 BTA LEXIS 2212;
January 22, 1931, Promulgated
The Chamberlain of the City of New York is taxable as trustee for remaindermen where he holds and invests a fund…
2Cases cited1 opinion
- Flynn v. CommissionerUnited States Board of Tax Appeals · 1931