MULRONEY, Judge:
The respondent determined deficiencies in petitioners' income tax for the years 1952 and 1953 in the amounts of $13,950.43 and $6,936.92, respectively.
The issue is whether respondent was correct in not recognizing as partners in the Boston Shoe Company, the trustees of certain trusts created by the petitioners for the benefit of their two children.
FINDINGS OF FACT.
Some of the facts have been stipulated and they...
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