Memorandum Opinion
MURDOCK, Judge:
The Commissioner determined a deficiency of $2,025 in gift tax for 1954. The sole issue is whether gifts made by the petitioner were gifts of a present interest which will support three annual statutory exclusions of $3,000 under section 1003(b)(3) of the Internal Revenue Code of 1939.
All of the facts have been stipulated and are found accordingly.
Attached to the petitioner's gift tax return was a copy...
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.