Schuhmacher v. Commissioner
United States Tax Court
1. Value of shares of corporate stock for gift tax purposes and estate tax purposes determined. 2. Gifts of shares of corporate stock were made to five minor grandchildren, with the provision that the stock should be issued in the names of their respective fathers and held by them as guardians until such time as each grandchild became 21 years of age, the dividends to be accumulated or used only for the benefit of the various grandchildren without any benefit ever inuring to…
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1. Value of shares of corporate stock for gift tax purposes and estate tax purposes determined. 2. Gifts of shares of corporate stock were made to five minor grandchildren, with the provision that the stock should be issued in the names of their respective fathers and held by them as guardians until such time as each grandchild became 21 years of age, the dividends to be accumulated or used only for the benefit of the various grandchildren without any benefit ever inuring to the respective fathers, except that the fathers had the right to vote such stock. Held, that the gifts were of future…
1Opinion of the Court
Kathrine Schuhmacher, Petitioner, v. Commissioner of Internal Revenue, Respondent. Estate of Henry C. Schuhmacher, H. C. and John Schuhmacher, Executors, Petitioner, v. Commissioner of Internal Revenue, Respondent. Estate of Julia Agnes Robson, Deceased, Max R. Robson, Sr., Executor, Petitioner, v. Commissioner of Internal Revenue, Respondent
Schuhmacher v. Commissioner
Docket Nos. 6152, 6153, 6154
United States Tax Court
8 T.C. 453; 1947 U.S. Tax Ct. LEXIS 264;
February 28, 1947, Promulgated
Decisions will be entered under Rule 50.
1. Value of shares of corporate stock for gift tax purposes and…
2Cases cited9 opinions
- United States v. PelzerSupreme Court of the United States · 1941
- 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
- Lovejoy v. CockrellTexas Commission of Appeals · 1933
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