Anderson v. Commissioner
United States Board of Tax Appeals
1. The income of a trust created by a father for his adult child, not revocable as to income but revocable as to principal in a future year, held not within his gross income. 2. The income of a decedent's estate during administration held not within the gross income of the person who was both administrator and sole successor of the personalty, in absence of undue or capricious delay in settlement and distribution of the estate.
1Opinion of the Court
J. H. ANDERSON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Anderson v. Commissioner
Docket No. 63827.
United States Board of Tax Appeals
30 B.T.A. 1275; 1934 BTA LEXIS 1202;
July 24, 1934, Promulgated
1. The income of a trust created by a father for his adult child, not revocable as to income but revocable as to principal in a future year, held not within his gross income.
2. The income of a decedent's estate during administration held not within the gross income of the person who was both administrator and sole successor of the personalty, in absence of undue or capricious delay…
2Cases cited2 opinions
- Handly v. CommissionerUnited States Board of Tax Appeals · 1934
- Anderson v. CommissionerUnited States Board of Tax Appeals · 1934