RAND v. COMMISSIONER

Docket No. 66462.

33 T.C. 548 (1959)

NORFLEET H. RAND AND ELOISE S. RAND, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed December 21, 1959.


Attorney(s) appearing for the Case

Charles B. McInnis, Esq., for the petitioners.

Robert A. Roberts, Esq., for the respondent.


ATKINS, Judge:

The respondent determined a deficiency in income tax for the calendar year 1953 in the amount of $28,828.68. The sole issue is whether the amount of $35,431.49, representing fees paid to trustees is to be taken into account in determining the amount of the income of the trust currently distributable to petitioner as the sole beneficiary of the trust.

FINDINGS OF FACT.

Most of the facts...

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