The Commissioner determined a deficiency in income tax for the taxable year 1952 in the amount of $1,786.10. Petitioners do not contest a minor adjustment of the respondent. The only question to be decided is whether payment by a corporation of the expenses of a trip to Europe of the wife of Alex Silverman constitutes taxable income to him, as the Commissioner has determined, or a gift.
FINDINGS OF FACT.
Petitioners are residents of Kansas City, Missouri...
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.