Heath v. Commissioner
United States Tax Court
Held, petitioners are not entitled to the exclusions provided by section 2503(b) of the Internal Revenue Code of 1954 with respect to gifts made by them to certain trusts during the year 1955.
1Opinion of the Court
Ajrundell, Judge:
In these consolidated proceedings the respondent determined a deficiency of $1,234.11 in gift tax against each petitioner for the calendar year 1955.
The sole issue is whether petitioners are entitled to the exclusions provided by section 2503(b) of the Internal Revenue Code of 1954 with respect to gifts made by them to certain trusts during the year 1955.
FINDINGS OF FACT.
The stipulated facts are so found and are incorporated herein by this reference.
Each of the petitioners filed a Federal gift tax return for the calendar year 1955 with the district director of internal…
2Cases cited10 opinions
- United States v. PelzerSupreme Court of the United States · 1941
- Fondren v. CommissionerSupreme Court of the United States · 1945
- Commissioner v. DisstonSupreme Court of the United States · 1945
- Stifel v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1952
- Thorrez v. CommissionerUnited States Tax Court · 1958
5 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Messing v. CommissionerUnited States Tax Court · 1967
- Clinard v. CommissionerUnited States Tax Court · 1963
- Ross v. CommissionerUnited States Tax Court · 1979
- Clinard v. CommissionerUnited States Tax Court · 1963
- Heath v. CommissionerUnited States Tax Court · 1960
3 more not listed; retrieve them via the Exa API.