Crawford v. Commissioner
United States Board of Tax Appeals
In 1923 petitioner's mother created a trust, the income from which was payable to the petitioner and her brother in equal shares. In 1927 the brother became involved in marital difficulties and by an aggreement between the mother, the petitioner, and her brother the trust instrument was altered so that all the income thereof was payable to the petitioner, the petitioner agreeing, however, by written agreement formally executed, to pay over half of such income to her brother.
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In 1923 petitioner's mother created a trust, the income from which was payable to the petitioner and her brother in equal shares. In 1927 the brother became involved in marital difficulties and by an aggreement between the mother, the petitioner, and her brother the trust instrument was altered so that all the income thereof was payable to the petitioner, the petitioner agreeing, however, by written agreement formally executed, to pay over half of such income to her brother. The agreement remained in effect during 1930 and the trust income was deposited by the trustee in a joint bank account…
1Opinion of the Court
GRACE H. CRAWFORD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Crawford v. Commissioner
Docket No. 73216.
United States Board of Tax Appeals
30 B.T.A. 832; 1934 BTA LEXIS 1261;
May 31, 1934, Promulgated
In 1923 petitioner's mother created a trust, the income from which was payable to the petitioner and her brother in equal shares. In 1927 the brother became involved in marital difficulties and by an aggreement between the mother, the petitioner, and her brother the trust instrument was altered so that all the income thereof was payable to the petitioner, the petitioner agreeing,…
2Cases cited1 opinion
- Crawford v. CommissionerUnited States Board of Tax Appeals · 1934