Legal Opinion
J. C. Shepherd v. Comr. of IRS
Court of Appeals for the Eleventh Circuit
Decided February 28, 2002No. 01-12250PublishedCited by 36 opinions
1Opinion of the Court
HULL, Circuit Judge:
This appeal involves the value, for federal gift tax purposes, of the trans*1260fer of minority shares of leased land by Petitioner J.C. Shepherd (“Shepherd”) to his two adult sons through a family partnership. After trial, the United States Tax Court held that the transfer was an indirect gift of undivided fractional shares of land and that the value of the gift to each son was $160,876. Upon review and oral argument, we affirm the Tax Court’s decision for the reasons explained in its opinion published at 115 T.C. 376, 2000 WL 1595698 (2000).1
Rather than repeating what the Tax…
2Cases cited16 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Commissioner v. National Alfalfa Dehydrating & Milling Co.Supreme Court of the United States · 1974
- Dickman v. CommissionerSupreme Court of the United States · 1984
11 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Rauenhorst v. Comm'rUnited States Tax Court · 2002
- Holman v. Comm'rUnited States Tax Court · 2008
- McCord v. Comm'rUnited States Tax Court · 2003
- Pierre v. Comm'rUnited States Tax Court · 2009
- Succession of McCord v. CommissionerCourt of Appeals for the Fifth Circuit · 2006
31 more not listed; retrieve them via the Exa API.