Blaffer v. Commissioner of Internal Revenue

McCORD, Circuit Judge.

The United States Board of Tax Appeals determined R. L. Blaffer’s gift tax deficiency liability to be $2,117.71 for the year 1934. The appeal from the decision of the Board is brought to this court by petition for review.

The material facts as disclosed by the record and found by the Board are these: R. L. Blaffer married Sarah Campbell Blaffer on April 22, 1909. At all times material to this case he and his wife havq been legal residents of Texas. When the petitioner was married he owned two life, insurance policies. One policy had a cash value of $192 and the other had…