WYZANSKI, District Judge.
Claiming the benefits of the provision for "Abatement of Tax for Members of Armed Forces upon Death", Internal Revenue Code, § 421, 61 Stat. 778, 26 U.S.C.A. § 421, plaintiffs seek refunds of taxes paid in 1943 and 1944 by them as trustees under the will of Demarest Lloyd.
Under the terms of a testamentary trust established by Demarest Lloyd in 1937, Demarest Lloyd, Jr., was to receive up to $12,000 a year out of the income...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.