TOM R. BOOTH TRUST v. COMMISSIONER

Docket No. 84580.

22 T.C.M. 1337 (1963)

T.C. Memo. 1963-265

Tom R. Booth Trust, First City National Bank of Houston, Trustee, Deed of Trust dated October 18, 1945, as amended v. Commissioner.

United States Tax Court.

Filed September 27, 1963.


Attorney(s) appearing for the Case

Robert K. Jewett, Esperson Bldg., Houston, Tex., and Sam G. Croom, Jr., for the petitioner. Jackson L. Bailey, for the respondent.


Memorandum Findings of Fact and Opinion

TRAIN, Judge:

Respondent determined deficiencies in petitioner's income taxes for the years and in the amounts as follows:

  1951..............  $98,795.42
  1952..............   93,046.05
  1953..............   83,930.89

The issues for decision are:

(1) Whether one or multiple trusts were created by a trust instrument; and

(2) the proper allocation of depletion allowances...

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