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BOUNDS v. UNITED STATES

No. 7642.

262 F.2d 876 (1958)

Hilda BOUNDS, Appellant, v. UNITED STATES of America, Appellee.

United States Court of Appeals Fourth Circuit.

Decided December 15, 1958.

Attorney(s) appearing for the Case

John A. Selby, Washington, D. C. (Henry Ravenel, Washington, D. C., on brief), for appellant.

S. Dee Hanson, Attorney, Department of Justice, Washington, D. C. (Charles K. Rice, Asst. Atty. Gen., Lee A. Jackson and Melva M. Graney, Attorneys, Department of Justice, Washington, D. C., Leon H. A. Pierson, U. S. Atty., and Robert E. Cahill and J. Jefferson Miller, II, Asst. U. S. Attys., Baltimore, Md., on brief), for appellee.

Before SOBELOFF, Chief Judge, and SOPER and HAYNSWORTH, Circuit Judges.

SOBELOFF, Chief Judge.

In this suit for an income tax refund we are called upon to determine whether money paid by a corporation to the widow of a deceased executive constitutes a non-taxable gift or taxable compensation.1

The taxpayer, widow of George C. Bounds, received in 1952 $20,000 from the Bounds Package Corporation "as recognition in part of the great contribution made by George C. Bounds, and, as additional compensation...

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