Legal Opinion
Lockard v. Commissioner of Internal Revenue
Court of Appeals for the First Circuit
Decided February 5, 1948No. 4255PublishedCited by 29 opinions
1Opinion of the Court
MAGRUDER, Circuit Judge.
Barbara M. Lockard petitions for review of a decision of the Tax Court of the United States determining that “there is a deficiency in gift tax of $5,517.39 for the year 1941.” 7 T.C. 1151.
Petitioner undoubtedly made a taxable gift in 1941. In her return she claimed the full $40,000 specific exemption. Internal Revenue Code, § 1004, 26 U.S.C.A. Int.Rev. Code, § 1004. The Commissioner disallowed this exemption to the extent of $22,595.95 on the ground that petitioner had claimed and been allowed an exemption of $19,363.-93 in respect of a taxable gift made in 1938 and…
2Cases cited17 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Order of Railroad Telegraphers v. Railway Express Agency, Inc.Supreme Court of the United States · 1944
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Estate of Sanford v. CommissionerSupreme Court of the United States · 1939
- Harrison v. SchaffnerSupreme Court of the United States · 1941
12 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Harold Dejong and Marjorie J. Dejong v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1962
- Estate of Lang v. CommissionerUnited States Tax Court · 1975
- Putoma Corp., Successor by Merger of Pro-Mac Company, Petitioners- Cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1979
- Thorrez v. CommissionerUnited States Tax Court · 1958
24 more not listed; retrieve them via the Exa API.