STOCKSTROM v. COMMISSIONER

Docket No. 1238.

3 T.C. 664 (1944)

ARTHUR STOCKSTROM, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated April 26, 1944.


Attorney(s) appearing for the Case

W. R. Gilbert, Esq., for the petitioner.

Richard A. Jennings, Esq., for the respondent.


This case involves deficiencies in income tax as follows:

1939 -------------------------------------------------    $665.83
1940 -------------------------------------------------   1,206.40
1941 -------------------------------------------------   3,535.35

Only one question is raised, whether that part of the income of the trust used to pay premiums on insurance policies on the life of petitioner is taxable to him under section 167 (a) (3), Internal...

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