Powers v. Commissioner
United States Board of Tax Appeals
Compensation paid to the petitioners as trustees of the Boston Elevated Railway Company during the taxable years 1926 to 1929, inclusive, held subject to Federal income tax.
1Opinion of the Court
*1385ORINION.
Smith:
In Wmthrop Coffin, 12 B. T. A. 702, this Board held that compensation paid to trustees of the Boston Elevated Railway Company in the years 1920 to 1923, inclusive, was exempt from the Federal income tax-. We there considered this issue solely from the standpoint of whether the taxpayers were officers of the Commonwealth of Massachusetts. After a full consideration of the legislation creating the board of trustees for the operation of the Boston Elevated Railway Company and pertinent court decisions relating thereto, we said: ,. ..
We are led to the inescapable conclusion that the…
2Cases cited22 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Burnet v. Coronado Oil & Gas Co.Supreme Court of the United States · 1932
- Willcutts v. BunnSupreme Court of the United States · 1931
- Johnson v. MarylandSupreme Court of the United States · 1920
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3Cited by7 opinions
- FITZERALD v. COMMISSIONERUnited States Board of Tax Appeals · 1934
- Halsey v. CommissionerUnited States Board of Tax Appeals · 1933
- Miller v. CommissionerUnited States Board of Tax Appeals · 1933
- Simpson v. CommissionerUnited States Board of Tax Appeals · 1933
- Halsey v. CommissionerUnited States Board of Tax Appeals · 1933
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