ESTATE OF ALLEN v. COMMISSIONER OF INTERNAL REVENUE, 6 T.C. 597 (1946) ESTATE OF WILLIAM P. ALLEN, FIDUCIARY TRUST COMPANY OF NEW YORK,CO-EXECUTOR, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. Docket No. 6059.United States Tax Court. Promulgated March 29, 1946. Under a testamentary trust all income was to be distributed currently to the life beneficiary, […]
