Forni v. Commissioner
United States Board of Tax Appeals
A fund of $41,020.48 credited to decedent in the customer's ledger account of a trust company held to constitute "moneys deposited" within the meaning of section 303(e) of the Revenue Act of 1926, as amended by section 403(d) of the Revenue Act of 1934.
1Opinion of the Court
ESTATE OF ANNINA FABBRICOTTI FARA FORNI, DECEASED, UNITED STATES TRUST COMPANY OF NEW YORK, EXECUTOR, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Forni v. Commissioner
Docket No. 106798.
United States Board of Tax Appeals
47 B.T.A. 76; 1942 BTA LEXIS 737;
June 10, 1942, Promulgated
A fund of $41,020.48 credited to decedent in the customer's ledger account of a trust company held to constitute "moneys deposited" within the meaning of section 303(e) of the Revenue Act of 1926, as amended by section 403(d) of the Revenue Act of 1934.
Edward S. Bentley, Esq., for the petitioner.
Harold…
2Cases cited3 opinions
- Marine Bank v. Fulton BankSupreme Court of the United States · 1865
- Gimbel Bros. v. WhiteAppellate Division of the Supreme Court of the State of New York · 1939
- Forni v. CommissionerUnited States Board of Tax Appeals · 1942