Add to ORKGIn 1935, the donor created a trust for the benefit of seven children. The donor in her gift tax return, pursuant to section 504b of the Gift Tax Act, excluded from the taxable amount $5,000 for each child. The commissioner\u27s action in treating the trustee as the donee and in allowing a single deduction of $5,000 was sustained by the Board of Tax Appeals. The circuit court of appeals reversed. Held, that the taxpayer was entitled to seven deductions, one for each beneficiary under the trust. Helvering v. Hutchings, (U.S. 1941) 61 S. Ct. 653
Testator bequeathed a remainder interest to charitable organizations which was contingent upon her s...
On September 20, 1933, petitioner transferred by deed realty owned by him in fee to himself and his ...
Bonds of a prescribed kind were deposited in an investment trust with defendant, who issued certific...
In 1935, the donor created a trust for the benefit of seven children. The donor in her gift tax retu...
The testator gave the residue of his estate to a charity. When the widow of the testator made known ...
Beck in 1935 created an irrevocable funded insurance trust of $172,000 in securities together with s...
Before the enactment of the 1924 gift tax statute, decedent created a trust for the benefit of named...
Respondent, the owner of negotiable bonds, detached from them negotiable interest coupons shortly be...
Testator left his estate in trust for the life of his mother, giving her a life income of $750 per m...
The testator gave the residue of his estate to a charity. When the widow of the testator made known ...
Decedent had promised to contribute funds to numerous educational, religious, and charitable institu...
Taxpayer created a five year irrevocable trust on December 1, 1941 for the benefit of a charitable f...
Plaintiff, in 1935, purported to set up a trust of $300,000 for the benefit of her infant daughter; ...
In 1918 decedent established a trust fund in favor of his daughter, reserving the power to alter or ...
In 1918 decedent established a trust fund in favor of his daughter, reserving the power to alter or ...
Testator bequeathed a remainder interest to charitable organizations which was contingent upon her s...
On September 20, 1933, petitioner transferred by deed realty owned by him in fee to himself and his ...
Bonds of a prescribed kind were deposited in an investment trust with defendant, who issued certific...
In 1935, the donor created a trust for the benefit of seven children. The donor in her gift tax retu...
The testator gave the residue of his estate to a charity. When the widow of the testator made known ...
Beck in 1935 created an irrevocable funded insurance trust of $172,000 in securities together with s...
Before the enactment of the 1924 gift tax statute, decedent created a trust for the benefit of named...
Respondent, the owner of negotiable bonds, detached from them negotiable interest coupons shortly be...
Testator left his estate in trust for the life of his mother, giving her a life income of $750 per m...
The testator gave the residue of his estate to a charity. When the widow of the testator made known ...
Decedent had promised to contribute funds to numerous educational, religious, and charitable institu...
Taxpayer created a five year irrevocable trust on December 1, 1941 for the benefit of a charitable f...
Plaintiff, in 1935, purported to set up a trust of $300,000 for the benefit of her infant daughter; ...
In 1918 decedent established a trust fund in favor of his daughter, reserving the power to alter or ...
In 1918 decedent established a trust fund in favor of his daughter, reserving the power to alter or ...
Testator bequeathed a remainder interest to charitable organizations which was contingent upon her s...
On September 20, 1933, petitioner transferred by deed realty owned by him in fee to himself and his ...
Bonds of a prescribed kind were deposited in an investment trust with defendant, who issued certific...