Bowler v. Commissioner
United States Board of Tax Appeals
Trusts were created by the petitioner for the benefit of his wife and three minor children, which were made revocable, with the approval of the grantor, by a majority of a committee of three persons named in the trust instruments, two of whom were not beneficiaries. Held, that the income of the trusts is taxable to the grantor.
1Opinion of the Court
*595OPINION.
Smith :
These proceedings, consolidated for hearing, involve deficiencies in income tax for the years 1926 to 1929, inclusive, as follows:
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In his determination of the deficiencies the respondent has held ;hat the income from four certain trusts created by the petitioner for the benefit of his wife and three minor children is taxable to the petitioner because of the revocability of the trusts under the provisions of each of the trust instruments. The sole issue for our present determination is whether during the taxable years under consideration the income of the several…
2Cases cited7 opinions
- Lucas v. EarlSupreme Court of the United States · 1930
- Corliss v. BowersSupreme Court of the United States · 1930
- Tyler v. United StatesSupreme Court of the United States · 1930
- Burnet v. LeiningerSupreme Court of the United States · 1932
- Reinecke v. SmithSupreme Court of the United States · 1933
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Bowler v. CommissionerUnited States Board of Tax Appeals · 1934