TSEM7035 - Tax Cases: MacFarlane v CIR 14 TC 532
Summary
»Ê¹ÚÌåÓýapp taxpayer was entitled to the residuary estate. »Ê¹ÚÌåÓýapp trust directed the trustees to pay trust expenses.
Decision
»Ê¹ÚÌåÓýapp beneficiary’s income was the net income after the trustees had paid the expenses