United States Tax Court January 28, 1964, Docket No. 95108. (Peterson v. Commissioner)

Robert N. Peterson and Martha T. Peterson v. Commissioner. Peterson v. Commissioner Docket No. 95108. United States Tax Court T.C. Memo 1964-15; 1964 Tax Ct. Memo LEXIS 322; 23 T.C.M. (CCH) 63; T.C.M. (RIA) 64015; January 28, 1964 *322 The stock of X corporation was held 37 1/2 percent by a trust, 37 1/2 percent by M, the vice-president and manager, and 25 percent by R, the president.