Vanderbilt v. Commissioner
United States Board of Tax Appeals
1. A bequest made to the National Woman's Party is not deductible under the provisions of section 303(a)(3) of the Revenue Act of 1926, that corporation not being organized and operated exclusively for educational purposes. 2. The payment by the petitioners of a sum covering the necessary expenses incidental to conducting a prize essay contest established by Alva E. Belmont, who promised to pay them, is not deductible under the provisions of section 303(a)(1). Boston Safe…
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1. A bequest made to the National Woman's Party is not deductible under the provisions of section 303(a)(3) of the Revenue Act of 1926, that corporation not being organized and operated exclusively for educational purposes. 2. The payment by the petitioners of a sum covering the necessary expenses incidental to conducting a prize essay contest established by Alva E. Belmont, who promised to pay them, is not deductible under the provisions of section 303(a)(1). Boston Safe Deposit & Trust Co. et al., Executors,30 B.T.A. 679, followed.
1Opinion of the Court
H.S. AND W. K. VANDERBILT, EXECUTORS OF THE ESTATE OF ALVA E. BELMONT, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Vanderbilt v. Commissioner
Docket No. 80650.
United States Board of Tax Appeals
34 B.T.A. 1033; 1936 BTA LEXIS 605;
October, 1, 1936, Promulgated
1. A bequest made to the National Woman's Party is not deductible under the provisions of section 303(a)(3) of the Revenue Act of 1926, that corporation not being organized and operated exclusively for educational purposes.
2. The payment by the petitioners of a sum covering the necessary expenses incidental to conducting a…
2Cases cited8 opinions
- Watson v. CommissionerUnited States Board of Tax Appeals · 1932
- Dahlinger v. CommissionerUnited States Board of Tax Appeals · 1930
- Leubuscher v. CommissionerUnited States Board of Tax Appeals · 1930
- Noyes v. CommissionerUnited States Board of Tax Appeals · 1934
- Taft v. CommissionerUnited States Board of Tax Appeals · 1935
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