MULRONEY, Judge:
The respondent determined deficiencies in petitioners' income tax for the taxable years 1955 and 1956 of $11,062.48 and $9,661.46, respectively. The sole question for decision is whether payments by a corporation to the widow of a corporate officer in the years in question constitute gifts or ordinary income taxable to the widow.
FINDINGS OF FACT.
Some of the facts have been stipulated and they...
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