Towne v. Commissioner
United States Board of Tax Appeals
Trust income of the tax year undistributed during beneficiary's minority and properly paid to him on reaching majority in the same year held taxable to the trust and not to the beneficiary. Spreckels v. Commissioner, 101 Fed.(2d) 721, followed.
1Opinion of the Court
WILLIAM STARK TOWNE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
WILLIAM STARK TOWNE TRUST, UNDER THE WILL OF FLORENCE LINDSAY JOHNSON, DECEASED, JOSEPHINE JOHNSON MILTON AND GEORGE S. TOWNE, TRUSTEES, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
WILLIAM STARK TOWNE TRUST, UNDER THE WILL OF WILLIAM PIERCE JOHNSON, DECEASED, GEORGE S. TOWNE AND JOSEPHINE JOHNSON MILTON, TRUSTEES, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Towne v. Commissioner
Docket Nos. 99197, 99198, 99199.
United States Board of Tax Appeals
42 B.T.A. 1046; 1940 BTA LEXIS 917;
Oct…
2Cases cited2 opinions
- Spreckels v. CommissionerUnited States Board of Tax Appeals · 1938
- Towne v. CommissionerUnited States Board of Tax Appeals · 1940