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ESTATE OF CRONHEIM v. COMMISSIONER

Docket No. 69747.

20 T.C.M. 1144 (1961)

T.C. Memo. 1961-232

Estate of Julius B. Cronheim, Deceased, Richard B. Cronheim, Executor, and Emily F. Cronheim, surviving wife v. Commissioner.

United States Tax Court.

Filed August 17, 1961.

Attorney(s) appearing for the Case

William D. Crampton, Esq., for the petitioners. Robert B. Milsten, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

FORRESTER, Judge:

Respondent has determined a deficiency in income tax of petitioners for the taxable year 1955 in the amount of $7,872.68. Petitioners have stipulated to certain adjustments, and the issue remaining for our determination is whether certain payments by a corporation to the widow of a corporate officer during the year in question constitute gifts or ordinary income to the widow.

Findings of...

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