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KATZ v. COMMISSIONER

Docket Nos. 57784, 57785.

27 T.C. 783 (1957)

ABRAHAM M. KATZ, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. KATHRYN Z. KATZ, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed February 14, 1957.

Attorney(s) appearing for the Case

David Kugel, Esq., for the petitioners.

Lyman G. Friedman, Esq., for the respondent.

OPINION.

RAUM, Judge:

The Commissioner determined a deficiency in gift tax for 1951 in the amount of $787.50 against each petitioner. The facts have been stipulated.

Petitioners are husband and wife. In 1951 the husband, referred to as the donor, created 5 trusts, one for each of his 5 minor grandchildren, and transferred securities worth $6,000 to each. The wife consented to have the gifts considered as having been made to the extent of one...

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