Mott v. Commissioner

*1043OPINION.

Adams:

Practically all of the questions in controversy here depend upon the validity of section 219 (h), Revenue Act of 1926, and section 167, Revenue Act of 1928, and their application to the facts in these cases.

These sections are substantially the same, section 167 being as follows :

Where any part of the income of a trust may, in the discretion of the grantor of the trust, either alone or in conjunction with any person not a beneficiary of the trust, be distributed to the grantor or be held or accumulated for future distribution to him, or where any part of the income of a trust is or may be applied to the payment of premiums upon policies of insurance on the life of the grantor (except policies of insurance irrevocably payable for the purposes and in the manner specified in section 23 (n), relating to the so-called “charitable contribution” deduction), such part of the income of the trust shall be included in computing the net income of the grantor.

It is tbe contention of the petitioner that, as applied to the facts of these cases, to tax against petitioner the income of the trusts not actually used for the payment of premiums on policies of insurance on the life of the petitioner would be unconstitutional, in violation of the Fifth Amendment to the Constitution.

The United States Supreme Court, in the cases of Burnet v. Wells, 289 U.S. 670, and Du Pont v. Commissioner, 289 U.S. 685, has declared *1044section 219 (h) of the Act of 1926 to be constitutional. As stated above, this section is substantially the same as the corresponding section (167) of the Eevenue Act of 1928. While it is true, as suggested by the petitioner, that in those cases a part of the income of the trusts was actually used in payment of premiums on life insurance of the taxpayers, we do not understand the opinions to hold that this is absolutely necessary. It seems to us that, where as here the fund was available for such use and was under the control of the petitioner, who had the right to use it for that purpose, it comes within the language of section 219 (h), Eevenue Act of 1926, and section 167 (a), Eevenue Act of 1928, and that the inclusion in petitioner’s income of the amounts necessary to pay the life insurance premiums is constitutional, and we so hold.

We are not impressed by petitioner’s argument that the expression in the trust deeds that “ He is also empowered to pay from income of this trust, the premiums on such insurance as may be taken out for the benefit of the beneficiary of this trust” refers only to such ¡molicies as may be taken out in the future and should be payable to the single beneficiary of each trust. This is entirely too narrow a view and such a construction would provide an easy way to evade taxes, which the statute was framed to prevent. The beneficiaries of the three trusts were undoubtedly beneficiaries of the insurance policies and we consider it immaterial whether the insurance policies were obtained before or after the creation of the trusts. It is the right to use the income of the trusts to pay the premiums during the taxable years that is being taxed and the time of issuance of the policies is of no consequence. The action of the respondent in including within the income of petitioner the respective amounts of $36,350.08 and $56,542.70 for the years 1927 and 1928 is approved.

Eelative to the petitioner’s right to compensation to the extent of 3 percent of the gross income of the three trusts, it is admitted that he made no charge for his services and did not receive anything in consideration therefor. Petitioner and the trusts kept their accounts and made their returns on a cash receipts and disbursements basis. The respondent added to petitioner’s income $14,303.03 for 1927 and $42,448.56 for 1928, on the ground that the taxpayer had constructively received said sums as he had possession and control of the trust properties. To say that petitioner received these amounts as compensation is to indulge in a deliberate legal fiction. Petitioner had the right to render his services free if he wished, and we know of no rule of law which requires a person to accept compensation or income. The fiction of constructive receipt of income is resorted to usually to fix the time of receipt, where it is ultimately actually received and accepted.

*1045This case is similar to and governed by our decision in S. A. Wood, 22 B.T.A. 535. In that case the taxpayer was the executor of an estate, and in view of the extra amount of work entailed in the settlement he was allowed by order of court a salary of $500. per month. After the first year the taxpayer decided he was not entitled to the monthly salary and declined to take it, but the court order was not set aside or modified and remained in effect. The Commissioner attempted to include this salary for three years in taxpayer’s income, but in holding that this was improper the Board said in part:

After the first year of service by petitioner to the estate, he did not perform those extra duties for which the extra compensation was granted him by the court, and hence for the succeeding years he was not entitled to such additional compensation. He did not deem himself entitled to it, and decided in advance not to take it, and did not take it, and hence it was never income to him.

See also Samuel Keller Jacobs, 22 B.T.A. 1166.

The action of the respondent in including the amounts of $14,303.03 for 1927 and $42,448.56 for 1928 in petitioner’s income as compensation received by him for services to the trust estate was erroneous and is disapproved.

Petitioner’s claim for an overpayment of $14,737.59 for 1928 appears to have occurred in the following manner. He received a salary of $75,000 annually from the General Motors Corporation and was also a large stockholder of the company. In making up his return for taxation the salary item was erroneously included with the dividends from General Motors stock, and was also specifically returned as salary. It was thus returned twice. Claim for refund was made, which was rejected by the respondent for the reason that in computing the deficiency the amount of $75,000 was deducted from income. This clearly corrected the error and was substantial compliance with section 271, Revenue Act of 1928, regulating the method of computing deficiencies.

By amended answer in each case the respondent seeks to include within the income of petitioner the entire income of the three trusts, including capital gains, and asks that the deficiencies be increased accordingly. This is upon the theory that the petitioner, who was both grantor and trustee under the trust instruments, had the entire management and control of the trust properties, and controlled the distribution of the trust income, which made it taxable as his income under section 219 (h). We think not. While it is true petitioner had the control of the trust properties and the disposition of the trust income, he had no beneficial interest therein, could not revoke the gifts, and could not hold or accumulate the income for his benefit *1046or future distribution to him. The section of the act in question is aimed at beneficial control and interest. Here the petitioner was acting purely as trustee for others and he had no interest whatever in the trust properties, nor any interest in the income except as above indicated in reference to the payment of insurance premiums and compensation for services. The claims for increased deficiencies by respondent in the amended answers are rejected.

Reviewed by the Board.

Decision will he entered under Bule 50.

SteRNHageN dissents. MoRRis, Murdock, and Goodrich dissent on that portion of the opinion which holds that the 3 percent of the gross income of the trust is not taxable to the grantor.