Chicago Title & Trust Co. v. Commissioner
United States Board of Tax Appeals
Amounts paid by trustees of a trust to attorneys for services in prosecuting a claim for refund of taxes held properly deductible in computing the net income of the trust. Florence Grandin et al.,16 B.T.A. 515, followed.
1Opinion of the Court
*396OPINION.
Green :
The sole question before us in this proceeding is whether the amount paid by the trustees to the attorneys for prosecuting a claim for refund of Federal estate taxes is a proper deduction in computing net income of the trust.
We decided this question in Florence Grandin et al., 16 B. T. A. 515, where, at page 517, we said:
It may be safely stated tliat it was the intention and expectation of the testator in creating the trust under consideration, that it would produce income for the use and benefit of each cestui que trust, and it was the duty of the trustees to manage it, if…
2Cited by1 opinion
- Chicago Title & Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1929