Virginia Hansen Vincent v. Commissioner of Internal Revenue

JAMES ALGER FEE, Circuit Judge.

Petitioner was bom in 1916, the daughter of Oscar and Fay Hansen. The parents separated in 1920, and petitioner left California, where all had previously lived, and went with her mother to Michigan. The parents were finally divorced in 1923, and her mother subsequently remarried. Her father, who resided after the separation with his mother, Josephine Hansen, was president, manager and member of the Board of Directors of Bear Film Company, a California corporation. As owner of all the outstanding shares of stock of Bear, he transferred these to Josephine in trust…