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In re Appeal of L.S. Ayers & Co.

1 B.T.A. 1135 (B.T.A. 1925)
In re Appeal of L.S. Ayers & Co.

9 Cited authorities

  1. Pollock v. Farmers' Loan Trust Co.

    157 U.S. 429 (1895)   Cited 412 times   3 Legal Analyses
    In Pollock v. Farmers' Loan and Trust Company — the income tax case — (1894), 157 U.S. 429, although much difference of opinion was manifested in the court as to some of the questions involved, as to one, that is, the lack of authority in the United States to include in the amount of income subject to taxation by the United States money derived from interest on municipal bonds, the court was unanimous.

  2. Edwards v. Slocum

    264 U.S. 61 (1924)   Cited 135 times
    In Edwards, the Court closely examined the language of the applicable estate tax statute to determine whether the deduction for a residuary charitable gift had to be reduced by the amount to be diverted for the payment of taxes.

  3. Pollock v. Farmers' Loan Trust Co.

    158 U.S. 601 (1895)   Cited 270 times   6 Legal Analyses
    Holding that a "tax on the whole income of a property" is a direct tax

  4. United States v. Woodward

    256 U.S. 632 (1921)   Cited 41 times
    In United States v. Woodward, 256 U.S. 632, 635, 41 S.Ct. 615, 616, 65 L.Ed. 1131, it is said that a deduction accrued when it "became due.

  5. Mason v. Sargent

    104 U.S. 689 (1881)   Cited 13 times
    In Mason v. Sargent (104 U.S. 689) the act of Congress under which the tax was imposed and collected (Act of June 30, 1864, chap. 173, § 124; 13 U.S. Stat. at Large, 285, § 124) imposed upon legacies or distributive shares of personal property exceeding the sum of $1,000 passing after the passage of the act from a decedent either testate or intestate in the hands of an executor, administrator or trustee, varying in rate as the party beneficially entitled was less or more remote in consanguinity.

  6. Clapp v. Mason

    94 U.S. 589 (1876)   Cited 17 times
    In Clapp v. Mason, 94 U.S. 589, a testator, who died in 1867, devised real estate to his widow for life, with remainder to her children.

  7. Schuster v. Williams

    202 Cal. 647 (Cal. 1927)   Cited 3 times

    Docket No. L.A. 8890. December 15, 1927. APPEAL from a judgment of the Superior Court of Los Angeles County. John L. Hudner, Judge Presiding. Affirmed. L.V. Beaulieu for Appellant. Lawler Degnan for Respondent. CURTIS, J. There is no merit in this appeal. Appellant claims that the court erred in denying her motion for judgment on the pleadings. [1] This motion was based upon the ground that the answer admitted the indebtedness set forth in the complaint, and to recover which the action was instituted

  8. Sturges v. United States

    117 U.S. 363 (1886)   Cited 5 times

    ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK. Argued March 24, 1886. Decided March 29, 1886. A testator died July 17, 1870, leaving by his will a legacy to his son payable "within three months after he shall arrive at the age of 21 years." The legatee arrived at the age of 21 on the 21st day of February, 1872. Held, That the legacy was not subject to a legacy tax. Mason v. Sargent, 104 U.S. 689, applied. Mr. J. Hubley Ashton for plaintiff in error. Mr. Thomas

  9. United States v. McHatton

    266 F. 602 (D. Mont. 1920)   Cited 4 times

    266 F. 602 (D.Mont. 1920) UNITED STATES v. McHATTON et al. No. 301. United States District Court, D. Montana. May 6, 1920 At Law. Action by the United States against John J. McHatton and others. On demurrer of defendants. Overruled. Internal revenue 7-- Stockholders receiving assets of dissolved corporation liable for income tax of corporation. Stockholders of a corporation, who received in distribution the entire proceeds of its property on its dissolution in 1916, after payment of its federal excise