Jonas v. Commissioner
United States Board of Tax Appeals
Petitioner created a trust for a term of years, which provided that the income thereof should be paid and applied to the support and maintenance of her son, who in the taxable year was past thirty years of age and not a recipient of public relief or liable to become in need of such relief. At the termination of the trust the principal thereof is to revert to petitioner, together with any accumulated income of the trust.
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Petitioner created a trust for a term of years, which provided that the income thereof should be paid and applied to the support and maintenance of her son, who in the taxable year was past thirty years of age and not a recipient of public relief or liable to become in need of such relief. At the termination of the trust the principal thereof is to revert to petitioner, together with any accumulated income of the trust. The entire net income of the trust in the taxable year was distributed currently to the son in accordance with the terms of the trust. No right was reserved in the trust to…
1Opinion of the Court
LOUISE B. JONAS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Jonas v. Commissioner
Docket No. 91010.
United States Board of Tax Appeals
40 B.T.A. 971; 1939 BTA LEXIS 772;
November 28, 1939, Promulgated
Petitioner created a trust for a term of years, which provided that the income thereof should be paid and applied to the support and maintenance of her son, who in the taxable year was past thirty years of age and not a recipient of public relief or liable to become in need of such relief. At the termination of the trust the principal thereof is to revert to petitioner, together with…
2Cases cited8 opinions
- Corliss v. BowersSupreme Court of the United States · 1930
- Gould v. GouldSupreme Court of the United States · 1917
- Burnet v. WellsSupreme Court of the United States · 1933
- Reinecke v. SmithSupreme Court of the United States · 1933
- DuPont v. CommissionerSupreme Court of the United States · 1933
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