Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency of $4,031.79 in gift tax for 1942. The petitioner reported a gift of 300 shares of common stock of Wm. E. Hooper & Sons Company on December 30, 1942, at a value of $30,000. The Commissioner determined the value to be $67,500. The only issue for decision is the value of that gift.
Findings of Fact
The petitioner filed his gift tax return for 1942 with the collector...
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