Respondent has determined a deficiency in income tax against petitioner for the year 1941 in the amount of $3,372.63. The issue raised is whether petitioner is taxable on all or only a part of the income of a trust created by him and in which his four daughters are named as beneficiaries.
FINDINGS OF FACT.
The petitioner is a resident of Holdenville, Oklahoma, and filed his income tax return for 1941 with the collector of internal revenue for the district...
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