United States Tax Court July 31, 1950, Docket No. 12979 (Fairbanks v. Commissioner)

lead-opinion

OPINION.

Harron, Judge:

The question in this proceeding is whether payments received by the petitioner in 1942 and 1943 from Indianapolis News Publishing Co. and from the trustees of the inter vivos trust established by petitioner’s former husband are taxable to her. The question involves the application of sections 22 (k), 171, and 162 (b) of the Internal Revenue Code.