Memorandum Opinion
HILL, Judge:
This proceeding involves the redetermination of a gift tax deficiency for the year 1940 in the amount of $520.68. In determining the deficiency, respondent increased petitioner's "gifts made in prior years" by $25,000 by disallowing five $5,000 exclusions taken in connection with five gifts in trust made in 1935. The sole issue is whether such gifts were of future or present interests within the meaning of section 1003 (b...
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.
