Bisbee v. Fahs

STRUM, Chief Judge.

Plaintiff, Frank D. Bisbee, sues to recover a deficiency assessment of $387.86, levied ¿gainst him as additional income tax for 1940, in the following circumstances:

Under the will of the late William A. Bisbee, who died in 1911, all his property was left in trust for the benefit of his widow and two children, one-third of the net income to be paid to each during the lifetime of the widow, the corpus to be divided between the children, or their heirs, after the widow’s death. The widow was still living during 1940, the year here involved. Since about 1927, the tes'tator’s…