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ESTATE OF MAYCANN v. COMMISSIONER

Docket No. 54600.

29 T.C. 81 (1957)

ESTATE OF JOHN A. MAYCANN, SR., DECEASED, BERENICE W. MAYCANN AND HAMILTON NATIONAL BANK OF CHATTANOOGA, EXECUTORS, AND BERENICE W. MAYCANN, SURVIVING WIFE, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed October 22, 1957.

Attorney(s) appearing for the Case

Leonard Tanner, Esq., for the petitioners.

Miller Bowen, Esq., for the respondent.

ARUNDELL, Judge:

Respondent determined a deficiency in income tax against petitioners for the taxable year ended December 31, 1950, in the amount of $1,444.34. Identical notices of deficiency, except for salutation and addresses, were mailed to each petitioner.

The issues are: (1) Whether an amount of $5,000 received by petitioner Berenice W. Maycann from Hibbler-Barnes Company in the taxable year ended December 31, 1950, is a nontaxable gift or whether...

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