WYZANSKI, District Judge.
Harold C. Currier is the president, the treasurer, a director and owner of 75% of the only class of stock of Currier Lumber Company, a Massachusetts corporation. His wife under an "arrangement" with him received as a "gift" the other 25% of the stock, on which she has received no dividends and over which she has "exercised no dominion or power."
In 1943 and 1944 the corporation sold lumber to numerous purchasers. In each year checks...
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