Swanson v. Commissioner, 296 U.S. 362 (1935)
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Swanson v. Commissioner, 296 U.S. 362 (1935)
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Swanson v. Commissioner of Internal Revenue No. 108 Argued November 21, 22, 1935 Decided December 16, 1935 296 U.S. 362
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE SEVENTH CIRCUIT
Syllabus
1. A trust formed by the owners of an apartment house under an agreement conveying title to trustees and providing complete power in them to manage, control, sell, etc.; with shares of beneficiaries represented by transferable "receipts," to be registered; with limited liability and succession and continuity during the trust period, held taxable as an "association," under the Revenue Act of 1926. Morrissey v. Commissioner, ante p. 344. P. 363.
2. The limited number of actual beneficiaries and the fact that the operations did not extend beyond the real property first acquired did not alter the nature and purpose of the common undertaking. P. 365.
76 F.2d 651 affirmed.
Certiorari to review the affirmance of a decision of the Board of Tax Appeals which sustained a tax assessed on the income of a trust as an association.
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Chicago: U.S. Supreme Court, "Syllabus," Swanson v. Commissioner, 296 U.S. 362 (1935) in 296 U.S. 362 296 U.S. 363. Original Sources, accessed June 2, 2024, http://www.originalsources.com/Document.aspx?DocID=RPXZU7DPBB2GZLJ.
MLA: U.S. Supreme Court. "Syllabus." Swanson v. Commissioner, 296 U.S. 362 (1935), in 296 U.S. 362, page 296 U.S. 363. Original Sources. 2 Jun. 2024. http://www.originalsources.com/Document.aspx?DocID=RPXZU7DPBB2GZLJ.
Harvard: U.S. Supreme Court, 'Syllabus' in Swanson v. Commissioner, 296 U.S. 362 (1935). cited in 1935, 296 U.S. 362, pp.296 U.S. 363. Original Sources, retrieved 2 June 2024, from http://www.originalsources.com/Document.aspx?DocID=RPXZU7DPBB2GZLJ.
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