WEICK, Circuit Judge.
These three appeals involve identical questions of income tax law with facts that are somewhat complex.
Appellees, Ruben Simon, Meyer Simon and Morris Simon, hereinafter referred to as taxpayers, are equal partners in the firm of Simon Brothers, which was formed on November 1, 1941. On that same date taxpayers also organized Simms' Cut Rate Drugs, Inc., a Michigan corporation. Taxpayers were the sole shareholders, officers and directors...
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