COMMISSIONER OF INTERNAL REVENUE v. MORSMAN

No. 8644.

44 F.2d 902 (1930)

COMMISSIONER OF INTERNAL REVENUE v. MORSMAN.

Circuit Court of Appeals, Eighth Circuit.

November 10, 1930.


Attorney(s) appearing for the Case

Prew Savoy, Sp. Atty., Bureau of Internal Revenue of Washington, D. C. (G. A. Youngquist, Asst. Atty. Gen., J. Louis Monarch and Barham R. Gary, Sp. Assts. to Atty. Gen., and C. M. Charest, Gen. Counsel, Bureau of Internal Revenue, and Sewall Key, Sp. Asst. to Atty. Gen., both of Washington, D. C., on the brief), for appellant.

Edgar M. Morsman, Jr., of Omaha, Neb., for appellee.

Before STONE and VAN VALKENBURGH, Circuit Judges, and SCOTT, District Judge.


SCOTT, District Judge.

This is a petition by the Commissioner of Internal Revenue to review a decision of the United States Board of Tax Appeals entered January 14, 1929. From the record it appears that on August 1, 1922, Edgar M. Morsman, a resident of Omaha, Neb., executed a trust agreement by the terms of which he created a trust and transferred to United States Trust Company, a corporation organized under the laws of the state of Nebraska, in trust, certain notes...

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