Continuing our series on Famous Tax Quotes (quotes from court opinions and rulings with language that is colorful or that concisely states an important tax principle) today's tax quote is:
The line of separation between trusts and associations is often so vague as to make them almost indistinguishable.
Estate of Scofield v. Commr., 266 F.2d 154 (6th Cir. 1959).