Coverage of Guardianship Over the Minors

October 15, 1958 BIR RULING NO. 577-58 The Philippine National Bank Manila Attention : Trust Officer Gentlemen : With reference to your letter dated September 8, 1958 relative to our ruling of August 26, 1958, I have the honor to inform you that the statement contained in said ruling reading "However, if you are a guardian of the entire estates of said minors, you must accomplish the said statement" simply means that if your guardianship over the minors extends not only to the benefits accruing to them under the laws of the United States but also to other properties, real or personal, and/or other benefits from whatever source or in short "The entire estates of the minors", you must file the sworn statement. You manifested that your appointment as guardian is general and not limited in character. Admittedly, you have guardianship over the person of the minor and over all his properties. Under the circumstances, you must file a sworn statement even for those wards whose property consist only of the benefits derived under the laws of the United States. LLphil Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue