[DOWNLOAD] "Commissioner of Internal Revenue v. Makransky" by United States Court Of Appeals Third Circuit. " eBook PDF Kindle ePub Free

eBook details

Title: Commissioner of Internal Revenue v. Makransky
Author : United States Court Of Appeals Third Circuit.
Release Date : January 03, 1963
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 72 KB

Description

The Tax Court has imposed income tax liability upon a trust for certain distributions of corporate earnings of J.A. Dougherty & Sons, Inc., ("Dougherty, Inc."), while refusing to treat these disbursements as yielding taxable income to the beneficiaries of the trust or the settlor. 36 T.C. 446. The trustees have filed petitions for review on behalf of the trust and the Commissioner has filed protective cross-petitions from the decisions that the beneficiaries are not taxable.