TAXATION - INCOME TAX - LIABILITY OF SETTLORS OF IRREVOCABLE SHORT TERM TRUSTS

Authors

Robert M. Warren, University of Michigan Law SchoolFollow

Abstract

In a recent significant decision the Supreme Court of the United States has declared that, under certain circumstances, income from irrevocable short-term trusts may be taxed to the settlor. This conclusion is contrary to the previously accepted notion that there was no authority for such a tax under existing provisions of the Revenue Act. In the light of this and other recent decisions the matter of taxation of income from short-term trusts assumes renewed significance.

Recommended Citation

Robert M. Warren, TAXATION - INCOME TAX - LIABILITY OF SETTLORS OF IRREVOCABLE SHORT TERM TRUSTS, 38 Mich. L. Rev. 885 (1940).
Available at: https://repository.law.umich.edu/mlr/vol38/iss6/8