This proceeding involves an income tax deficiency in the amount of $1,152.49 for the taxable year 1942. The issues are (1) whether Federal income taxes paid by a trust in one year are deductible in the succeeding tax year; (2) whether payments made by the trustees, in the taxable year, in liquidation of a contract indebtedness of decedent, constitute a distribution to a beneficiary within the purview of section 162 (b) of the Internal Revenue Code; and (3) whether attorneys...
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