Board v. Commissioner
United States Tax Court
Transfer of property by petitioner to his wife and children held of facts an unconditional gift subject to gift tax, notwithstanding donees' subsequent reconveyance after advice to donor that his purpose of escaping estate tax had failed.
1Opinion of the Court
William H. Board, Petitioner, v. Commissioner of Internal Revenue, Respondent
Board v. Commissioner
Docket No. 22111
United States Tax Court
14 T.C. 322; 1950 U.S. Tax Ct. LEXIS 263;
March 1, 1950, Promulgated
Decision will be entered for the respondent.
Transfer of property by petitioner to his wife and children held of facts an unconditional gift subject to gift tax, notwithstanding donees' subsequent reconveyance after advice to donor that his purpose of escaping estate tax had failed.
Herman M. Buck, Esq., for the petitioner.
A. W. Dickinson, Esq., for the respondent.
Opper, Judge.
OPPER
This…
2Cases cited1 opinion
- Board v. CommissionerUnited States Tax Court · 1950