Fitch v. Commissioner
United States Board of Tax Appeals
In 1923 petitioner and his wife entered into an irrevocable trust agreement transferring certain properties to a trustee with directions to pay a specified amount of the income to the wife for life and the balance to petitioner for life. In 1925 an Iowa court in a decree of absolute divorce confirmed the trust agreement as a property settlement between petitioner and his wife.
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In 1923 petitioner and his wife entered into an irrevocable trust agreement transferring certain properties to a trustee with directions to pay a specified amount of the income to the wife for life and the balance to petitioner for life. In 1925 an Iowa court in a decree of absolute divorce confirmed the trust agreement as a property settlement between petitioner and his wife. For the year 1933 the Supreme Court of the United States upheld the respondent's determination that the income from the trust distributed to petitioner's divorced wife during that year was taxable to petitioner,…
1Opinion of the Court
F. W. FITCH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Fitch v. Commissioner
Docket Nos. 93340, 98131.
United States Board of Tax Appeals
43 B.T.A. 773; 1941 BTA LEXIS 1450;
February 28, 1941, Promulgated
In 1923 petitioner and his wife entered into an irrevocable trust agreement transferring certain properties to a trustee with directions to pay a specified amount of the income to the wife for life and the balance to petitioner for life. In 1925 an Iowa court in a decree of absolute divorce confirmed the trust agreement as a property settlement between petitioner and his wife.…
2Cases cited14 opinions
- Blair v. CommissionerSupreme Court of the United States · 1937
- Douglas v. WillcutsSupreme Court of the United States · 1935
- Tait v. Western Maryland Railway Co.Supreme Court of the United States · 1933
- Helvering v. FitchSupreme Court of the United States · 1940
- Helvering v. LeonardSupreme Court of the United States · 1940
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