PABST v. COMMISSIONER

Docket No. 12645.

6 T.C.M. 1186 (1947)

Fred Pabst, Sr. v. Commissioner.

United States Tax Court.

Entered October 31, 1947.


Attorney(s) appearing for the Case

Frederic Sammond, Esq., 735 N. Water St., Milwaukee, Wis., for the petitioner. William Schwerdtfeger, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

HARLAN, Judge:

This proceeding seeks a review of a determination of deficiency in gift tax for the year 1943 in the amount of $19,377.88. The question presented is: What was the value on August 26, 1943 of 650 shares of common stock of the Comet Company, which on said date were given by petitioner to a trust in which he and others were trustees?

Findings of Fact

The facts are all stipulated and the...

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