Kralstein v. Commissioner
United States Tax Court
1. Petitioners received $ 60,916.15 (in cash and personal property) in 1956 in connection with a testimonial dinner given in honor of petitioner husband as vice president of the Bakery and Confectionery Workers' of America International Union. The funds used for this purpose were furnished by many persons, corporations, and business organizations whose motives and intentions in respect thereto were not uniform.
Read the full summary
1. Petitioners received $ 60,916.15 (in cash and personal property) in 1956 in connection with a testimonial dinner given in honor of petitioner husband as vice president of the Bakery and Confectionery Workers' of America International Union. The funds used for this purpose were furnished by many persons, corporations, and business organizations whose motives and intentions in respect thereto were not uniform. Held: $ 12,000 of the amount received is excludible from gross income as a "gift." The remainder did not constitute a gift and is not excludible from gross income. Sec. 102(a), I.R.C.…
1Opinion of the Court
Max Kralstein and Bessie Kralstein, Petitioners, v. Commissioner of Internal Revenue, Respondent
Kralstein v. Commissioner
Docket No. 84257
United States Tax Court
38 T.C. 810; 1962 U.S. Tax Ct. LEXIS 85;
September 10, 1962, Filed
Decision will be entered under Rule 50.
1. Petitioners received $ 60,916.15 (in cash and personal property) in 1956 in connection with a testimonial dinner given in honor of petitioner husband as vice president of the Bakery and Confectionery Workers' of America International Union. The funds used for this purpose were furnished by many persons, corporations, and business…
2Cases cited8 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Commissioner v. LoBueSupreme Court of the United States · 1956
- Bogardus v. CommissionerSupreme Court of the United States · 1937
- Silverman v. CommissionerUnited States Tax Court · 1957
3 more not listed; retrieve them via the Exa API.