FIRST NATIONAL BANK OF WICHITA FALLS v. COMMISSIONER

Docket Nos. 111179, 111180, 111181.

3 T.C. 203 (1944)

FIRST NATIONAL BANK OF WICHITA FALLS, TRUSTEE TRUST NO. 2, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. FIRST NATIONAL BANK OF WICHITA FALLS, TRANSFEREE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. FIRST NATIONAL COMPANY OF WICHITA FALLS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated February 7, 1944.


Attorney(s) appearing for the Case

Harry C. Weeks, Esq., for the petitioners.

Samuel G. Winstead, Jr., Esq., for the respondent.


In Docket No. 111179 the respondent determined deficiencies in income and excess profits taxes for the period February 7 to December 31, 1938, and for the calendar year 1939, against the First National Bank of Wichita Falls, trustee of Trust No. 2, in amounts as follows: Deficiency in income tax, 1938, $12,338.29; 1939, $9,325.91; and deficiency in excess profits tax, 1938, $8,973.30; 1939, $6,782.48.

In Docket No. 111181 the respondent determined deficiencies in...

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