Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Alabama (1)
- Beneficiaries (1)
- Bullen v. Wisconsin (1)
- Curry v. McCanless (1)
- Discretionary trusts (1)
-
- Domicile (1)
- Dormitories (1)
- Double taxation (1)
- Due process (1)
- Eisner v. Macomber (1)
- Graves v. Elliott (1)
- Guaranty Trust Co. of New York v. Virginia (1)
- Heirs (1)
- Inheritance tax (1)
- Lectures (1)
- Legal discussions (1)
- Lyeth v. Hoey (1)
- Maguire v. Trefry (1)
- Multiple states (1)
- Right to contest (1)
- Taxable income (1)
- Tennessee (1)
- University of Michigan (1)
- Wills (1)
Articles 1 - 4 of 4
Full-Text Articles in Tax Law
Taxation - Jurisdiction To Tax - Multiple Taxation Of Intangibles, Richard Brawerman
Taxation - Jurisdiction To Tax - Multiple Taxation Of Intangibles, Richard Brawerman
Michigan Law Review
In two recent decisions of the United States Supreme Court, Curry v. McCanless, and Graves v. Elliott, a majority of the justices refused to adhere to the doctrine that the Fourteenth Amendment prohibits taxation of intangibles by more than one state, and subscribed instead to the view that control and benefit are together the only test of jurisdiction of the states to tax. In Curry v. McCanless, the decedent, a resident of Tennessee, had created a trust of intangibles, reserving control over the income during her life and power to revoke the trust by will. The trust …
Legal Institute, Michigan Law Review
Legal Institute, Michigan Law Review
Michigan Law Review
A legal institute for practicing lawyers will be held at the Law School of the University of Michigan on June 22 to 24. The student dormitories in the classic Law Quadrangle will be open to those attending the Institute. Subjects to be discussed will include Taxation, Labor Law, and Wills and Trusts. Members of the law faculty and several practicing lawyers specializing in the topics to be considered will be the lecturers.
Taxation-Income Tax -Jurisdiction -Trusts - State Tax On Resident Beneficiary's Net Income From Trust Established And Administered By Non-Resident Trustee, Allan A. Rubin
Michigan Law Review
The state of Virginia imposed an income tax upon the income received by a resident of Virginia as beneficiary of a discretionary trust established and administered in New York by a resident of New York, which state had levied and collected an income tax on the entire income of the trust fund. Petitioner protested the payment of the Virginia tax, alleging the taking of property without due process of law and the denial of equal privileges in contravention of the Fourteenth Amendment of the Federal Constitution. Held, that the tax was valid, since it was ascertained by the beneficiary's …
Taxation - Income Tax - Settlement Of Will Contest As Taxable, Anthony L. Dividio
Taxation - Income Tax - Settlement Of Will Contest As Taxable, Anthony L. Dividio
Michigan Law Review
Taxpayer commenced suit to contest the probate of his grandmother's will, by which she had made nominal bequests to her grandchildren, and had created a charitable trust with the large residue. The parties agreed upon a settlement, as a result of which taxpayer received $141,404.03, all of which the tax commissioner claimed was taxable income. Held, the amount received by taxpayer came to him because he was an heir and did not constitute taxable income. Lyeth v. Hoey, (U. S. 1938) 6 U. S. Law Week 421 (Dec. 6, 1938).