McAdow v. Commissioner
United States Tax Court
In 1941 the son and daughter of William E. Benjamin, the former employer for many years of Richard C. McAdow, transferred to McAdow securities valued at $ 75,981.25, describing the transfer as a gift and filing gift tax returns. Under the evidence it is held that the transfer of the securities by these two individuals to McAdow constituted a gift and was not intended as compensation for services. Bogardus v. Commissioner, 302 U.S. 34.
1Opinion of the Court
Estate of Grace G. McAdow, Doris Hutson, and Wyatt T. Garlock, Executors, Petitioners, v. Commissioner of Internal Revenue, Respondent. Estate of Richard C. McAdow, Richard C. McAdow, Jr., Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
McAdow v. Commissioner
Docket Nos. 15789, 15799
United States Tax Court
12 T.C. 311; 1949 U.S. Tax Ct. LEXIS 258;
March 7, 1949, Promulgated
Decisions will be entered under Rule 50.
In 1941 the son and daughter of William E. Benjamin, the former employer for many years of Richard C. McAdow, transferred to McAdow securities valued at $ 75,981.25,…
2Cases cited3 opinions
- Bogardus v. CommissionerSupreme Court of the United States · 1937
- Schall v. CommissionerUnited States Tax Court · 1948
- McAdow v. CommissionerUnited States Tax Court · 1949