Reese v. Commissioner
United States Board of Tax Appeals
1. A fee paid by a trustee to a referee in a contested accounting, which under the trust is a factor which reduces trust income distributable to beneficiaries, may not increase the beneficiaries' distributable share of trust income above the amount received. 2. Fee paid by the beneficiary to lawyers representing her in such contested accounting is not deductible by her.
1Opinion of the Court
AUGUSTA BLISS REESE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Reese v. Commissioner
Docket No. 62424.
United States Board of Tax Appeals
29 B.T.A. 565; 1933 BTA LEXIS 926;
December 14, 1933, Promulgated
1. A fee paid by a trustee to a referee in a contested accounting, which under the trust is a factor which reduces trust income distributable to beneficiaries, may not increase the beneficiaries' distributable share of trust income above the amount received.
2. Fee paid by the beneficiary to lawyers representing her in such contested accounting is not deductible by her.
Laurence…
2Cases cited1 opinion
- Reese v. CommissionerUnited States Board of Tax Appeals · 1933