¶1dissenting: I dissent only in respect of the holding that the income from the trusts for the two daughters who were under twenty-one years of age was not taxable to petitioner Lotta B. Backus.
6 T.C. 1036
Backus v. Commissioner
Decided May 9, 1946
United States Tax Court · decided 1946-05-09
1. Standish and Lotta Backus created a single trust in 1924, naming their 5 children as beneficiaries. Held: that because of this power to shift distribution of income, the trust income is taxable to the grantors under section 22 (a) during the taxable years up to April 5, 1940, under the Stockstrom case. 2.
Cited by 4 later decisions — most recently August 1949
Good law ✅— No negative treatment on recordhow we know
Decisions will be entered under Rule 50 · Decided 1946-05-09
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