GEARY v. COMMISSIONER

Docket No. 111758.

2 T.C.M. 202 (1943)

John R. Geary v. Commissioner.

United States Tax Court.

Entered May 31, 1943.


Attorney(s) appearing for the Case

Sanford D. Beecher, Esq., 1617 Land Title Bldg., Philadelphia, Pa., for the petitioner. Paul E. Waring, Esq., for the respondent.


Memorandum Opinion

VAN FOSSAN, Judge:

The respondent determined a deficiency in gift tax of the petitioner for the year 1938 in the amount of $13,305.96. In making such determination respondent stated as follows:

Pursuant to an agreement between yourself and Camille Geary to compromise certain litigation, you created a trust on March 21, 1938. While it is conceded that the values of the rights transferred to Camille Geary and to your sons during...

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