Memorandum Opinion
RICE, Judge:
This proceeding involves a deficiency in gift tax in the amount of $572.25 determined by the respondent for the year 1950.
The issues are: (1) whether the corpus of a trust which petitioner created for his grandson in 1950 was the gift of a present or future interest to such grandson; and (2) whether the grandson's present right to receive the income of the trust was capable of valuation on the date of the gift.
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.