Roebling v. Commissioner
United States Tax Court
Held, income received from dividends on stock held by an estate is properly taxed to the beneficiaries of the estate if the period of administration of the estate has terminated and the income is currently distributable.
1Opinion of the Court
OPINION.
Van "JTossait, Judge:
The only issue presented in these proceedings is to whom the income arising from dividends on Glass B preferred stock of the Bank should be taxed. The dividends in question were paid to the decedent’s estate in 1941 and in the j'ears of 1943 to 1948, inclusive. The estate reported the dividends as income for tax purposes. The respondent has determined that the income is taxable to the petitioners. The petitioners contend that the income was taxable to the estate under the provisions of section 161 (a) of the Internal Revenue Code 2 because the estate was in the…
2Cases cited11 opinions
- Williams v. CommissionerUnited States Tax Court · 1951
- Chick v. CommissionerUnited States Tax Court · 1946
- Farrier v. CommissionerUnited States Tax Court · 1950
- Chick v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1948
- Armstrong v. CommissionerUnited States Tax Court · 1943
6 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Miller v. CommissionerUnited States Tax Court · 1963
- Hargis v. CommissionerUnited States Tax Court · 1953
- Westphal v. CommissionerUnited States Tax Court · 1961
- Brown v. CommissionerUnited States Tax Court · 1952
- Estate of Bryan v. CommissionerUnited States Tax Court · 1963
10 more not listed; retrieve them via the Exa API.