Harrison v. Schaffner - 312 U.S. 579 (1941)

U.S. Supreme Court

Harrison v. Schaffner, 312 U.S. 579 (1941)

Harrison v. Schaffner

No. 437

Argued March 4, 1941

Decided March 31, 1941

312 U.S. 579

Syllabus

The life beneficiary of a trust assigned to her children specified amounts in dollars from the income of the trust for the year following the assignment. Held, that the amount assigned, which was paid by the trustees to the assignees, was taxable as income to the assignor. Revenue Act, 1928, §§ 22(a), 161(a), 162(b). P. 312 U. S. 582.

113 F.2d 449, reversed.

Certiorari, 311 U.S. 638, to review the affirmance of a judgment for the above-named respondent in a suit to recover money exacted as taxes.