The respondent determined a deficiency in gift tax for the taxable year 1953 in the amount of $1,770.02. By amended answer, the respondent has made claim for increase in the deficiency, under section 272(e) of the 1939 Code, to $1,927.52.
The questions to be decided are as follows: (1) Whether the amount of the petitioner's gift in trust in 1953 was $66,000, undiminished by the initial commission of $750 of the corporate trustee. (2) Whether three gift tax exclusions...
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