Black v. Commissioner
United States Board of Tax Appeals
Income received in 1934 on corporate shares held by four trusts created by petitioner in 1933, of each of which petitioner's wife and three minor children were respective beneficiaries, held not taxable to petitioner in 1934, none of such income in that year having been used for the support and maintenance of the beneficiaries or in discharge of any other of petitioner's obligations.
1Opinion of the Court
E. E. BLACK, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Black v. Commissioner
Docket No. 86961.
United States Board of Tax Appeals
36 B.T.A. 346; 1937 BTA LEXIS 728;
July 20, 1937, Promulgated
Income received in 1934 on corporate shares held by four trusts created by petitioner in 1933, of each of which petitioner's wife and three minor children were respective beneficiaries, held not taxable to petitioner in 1934, none of such income in that year having been used for the support and maintenance of the beneficiaries or in discharge of any other of petitioner's obligations.
Livingsto…
2Cases cited1 opinion
- Black v. CommissionerUnited States Board of Tax Appeals · 1937