MEMORANDUM OPINION
KERR, District Judge.
The question for consideration in this case is what value should be assessed for gift tax purposes to the gifts of 8% restricted interest in True Oil Company to each of four children made by the taxpayer plaintiffs. This Court has jurisdiction pursuant to 28 U.S.C. § 1346(a)(1).
Plaintiffs were sole owners in a partnership known as True Oil Company (True Oil). True Oil is engaged in the exploration of...
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.
