Legal Opinion
Estate of McClure v. United States
United States Court of Claims
Decided October 17, 1979No. 314-78; No. 315-78PublishedCited by 3 opinions
1Opinion of the CourtSmith, Judge
In these two cases, consolidated for decision, before the court on the parties’ cross-motions for summary judgment, and on which oral argument has been heard, plaintiffs seek a refund of gift tax deficiencies assessed against them by the Commissioner of Internal Revenue and subsequently paid. The question presented is whether the transfer by John N. McClure and Versenoia T. McClure,1 husband and wife, of beneficial interests in a land trust2 to members of their family entitles the transferors3 to the $3,000 annual gift tax exclusion provided by section 2503 of the Internal Revenue Code of…
2Cases cited12 opinions
- Fondren v. CommissionerSupreme Court of the United States · 1945
- Commissioner v. DisstonSupreme Court of the United States · 1945
- Ryerson v. United StatesSupreme Court of the United States · 1941
- Irwin S. Chanin v. The United States. Henry I. Chanin v. The United States. Sylvia Chanin v. The United StatesUnited States Court of Claims · 1968
- Brody v. CommissionerUnited States Tax Court · 1952
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3Cited by3 opinions
- Applied Genetics International, Inc. v. First Affiliated Securities, Inc.Court of Appeals for the Tenth Circuit · 1990
- Karpf v. KarpfNebraska Supreme Court · 1992
- Applied Genetics International, Inc. v. First Affiliated Securities, Inc. American First Corporation Jack A. Alexander Kenneth W. Elsberry Richard P. Woltman and William J. Patton, Defendants/third- Party v. Norman Jay Hayes, Third-Party-Defendant-AppelleeCourt of Appeals for the First Circuit · 1990