MAYTAG v. COMMISSIONER OF INTERNAL REVENUE

No. 4134.

187 F.2d 962 (1951)

MAYTAG v. COMMISSIONER OF INTERNAL REVENUE.

United States Court of Appeals Tenth Circuit.

March 21, 1951.


Attorney(s) appearing for the Case

Stephen H. Hart and Claude M. Maer, Jr., Denver, Colo. (Ralph L. Read, Des Moines, Iowa, was with them on the brief), for petitioner.

Helen Goodner, Sp. Asst. to the Atty. Gen. (Theron Lamar Caudle, Asst. Atty. Gen., and Ellis N. Slack and Francis W. Sams, Sp. Assts. to the Atty. Gen. were with her on the brief), for respondent.

Before PHILLIPS, Chief Judge, and BRATTON and PICKETT, Circuit Judges.


BRATTON, Circuit Judge.

This proceeding is here on petition to review a decision of the Tax Court relating to the liability of Lewis B. Maytag, hereinafter referred to as the taxpayer, for gift tax for the calendar year 1944. On March 8, 1944, the taxpayer created four trusts, one for the benefit of each of his four children. On that day he transferred to each trust 25,000 shares of the common stock of The Maytag Company; and on March 16, 1944, he transferred to each...

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