Respondent has determined a deficiency of $1,922.28 in petitioner's Federal gift tax for the year 1950. All of this deficiency is here in question. The principal issue is whether the value of an equitable life estate given to petitioner's wife is ascertainable.
FINDINGS OF FACT.
Petitioner lives in New Milford, Connecticut. He and Beatrice Mary Robertson were, at all times material hereto, husband and wife, having been married July 11, 1919.
On November...
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.
