This proceeding involves the redetermination of deficiencies of $392.78, $668.88, and $1,041.96 in income taxes for 1938, 1939, and 1940, respectively. The issue is whether certain income is taxable to petitioners or to their children. Petitioners conceded at the hearing that so much of the income as represents interest on personal savings accounts of the husband is taxable to them.
FINDINGS OF FACT.
Petitioners, husband and wife, were at all times here...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.