Busch v. Commissioner

JOHNSEN, Circuit Judge.

Petitioner seeks a review of a decision of the Tax Court which redetermined deficiencies of $4,095.55 and $7,855.56 in his income taxes for 1939 and 1940, respectively-

Petitioner was the beneficiary of a trust created in 1937 by his mother, under which the trustees were required to pay to him during his life “so much of the net annual income of the trust estate for each calendar year as he shall, in writing signed by him and delivered to the Trustees, have requested”. Any income not so requested by him was to be added to the principal of the estate, but the trustees…