Legal Opinion
Commissioner of Internal Revenue v. Brandegee
Court of Appeals for the First Circuit
Decided October 30, 1941No. 3678PublishedCited by 30 opinions
1Opinion of the Court
MAGRUDER, Circuit Judge.
In 1937 Mary B. Brandegee, the taxpayer herein, made a gift to trustees of property valued at $35,000 in augmentation of a trust fund which she had established in 1934. The question before us is whether, in computing the 1937 gift tax, the taxpayer is entitled to take an exclusion in respect of each of four beneficiaries, which is allowable unless the gifts were of “future interests in property” within the meaning of § 504(b) of the Revenue Act of 1932, 47 Stat. 169, 247, 26 U.S.C.A. Int.Rev.Acts, page 585, reading as follows:
“(b) Gifts Less than $5,000. In the case of…
2Cases cited15 opinions
- Hormel v. HelveringSupreme Court of the United States · 1941
- Helvering v. TaylorSupreme Court of the United States · 1935
- United States v. PelzerSupreme Court of the United States · 1941
- Helvering v. HutchingsSupreme Court of the United States · 1941
- Ryerson v. United StatesSupreme Court of the United States · 1941
10 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Fondren v. CommissionerSupreme Court of the United States · 1945
- Fisher v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1942
- Thorrez v. CommissionerUnited States Tax Court · 1958
- Sensenbrenner v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1943
- George Fischer v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1961
25 more not listed; retrieve them via the Exa API.