The respondent determined deficiencies in 1950 income tax of Henry E. and Winifred L. Prunier of $1,080.88 and of Joseph E. and Rose Z. Prunier of $1,348.98. The only issue is whether premiums on insurance policies on the lives of the male petitioners paid by a corporation of which they were substantially the sole stockholders were income to them.
FINDINGS OF FACT.
Some facts were stipulated and are found accordingly.
Henry is president and treasurer...
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