Bonacker v. United States

HENDERSON, District Judge.

This is an action for the recovery of income taxes paid for the year 1953 pursuant to a deficiency assessment taxing as income the fair market value of a Ford automobile received by Norma K. Bonacker as a prize at the 1953 National Convention of the National Sales Executives Association. The sole question before the court is whether the prize was. a gift within the meaning of section 22. (b) (3) of the Internal Revenue Code of 1939, 26 U.S.C.A. § 22(b) (3).1

The facts have been stipulated by the parties with the exception of the question of Mrs. Bonacker’s motivation…