Hutchings v. Commissioner
United States Board of Tax Appeals
Petitioner, as donor, created an irrevocable trust for a term of years, to which she transferred her entire interest in certain described properties for the use and benefit of her seven children. Held, petitioner is entitled to one exclusion of $5,000 in determining the amount of her gift subject to the gift tax.
1Opinion of the Court
MARY M. HUTCHINGS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hutchings v. Commissioner
Docket No. 95359.
United States Board of Tax Appeals
40 B.T.A. 27; 1939 BTA LEXIS 915;
June 6, 1939, Promulgated
Petitioner, as donor, created an irrevocable trust for a term of years, to which she transferred her entire interest in certain described properties for the use and benefit of her seven children. Held, petitioner is entitled to one exclusion of $5,000 in determining the amount of her gift subject to the gift tax.
I. M. Tullar, Esq., for the respondent.
ARNOLD
This proceeding involves a…
2Cases cited1 opinion
- Hutchings v. CommissionerUnited States Board of Tax Appeals · 1939