SIMPSON v. COMMISSIONER OF INTERNAL REVENUE

No. 5391.

77 F.2d 668 (1935)

SIMPSON v. COMMISSIONER OF INTERNAL REVENUE.

Circuit Court of Appeals, Seventh Circuit.

May 16, 1935.


Attorney(s) appearing for the Case

John P. Wilson and Clay Judson, both of Chicago, Ill., for petitioner.

Frank J. Wideman, Asst. Atty. Gen., and Norman D. Keller and L. W. Post, Sp. Assts. to the Atty. Gen., for respondent.

Before SPARKS, FITZHENRY, and ALSCHULER, Circuit Judges.


SPARKS, Circuit Judge.

Petitioner seeks the review of a decision of the Board of Tax Appeals involving income taxes for the years 1927 and 1928. The sole question raised is whether the income for those years from certain revocable trusts was properly taxable to the settlor of the trusts or to the beneficiaries.

The three trusts in question were created in 1923 by petitioner for the benefit of his three sisters. The corpus consisted of 3000 shares of the common...

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