A Gift to the 'Next Generation'

Business Valuation UpdateVol. 6 No. 6
Legal and Court Case Update
June 2000
2086 Bottled and Canned Soft Drinks and Carbonated Waters
312112 Bottled Water Manufacturing
estate and gift taxation

Estate of Maggos v. Commissioner
T.C. Memo 2000-129, 79 T.C.M. 1861
April 11, 2000
Federal Court
United States Tax Court
Kenneth McGraw (for taxpayer)<br>Robert Reilly (for taxpayer)<br>David N. Fuller (for IRS)


The issue in this case is whether the decedent's redemption of 567 shares to Pepsi-Cola Alton Bottling Inc. (PCAB) was indeed a gift to her son, who ran the company.

See Also

Estate of Maggos v. Commissioner

Business Valuation and Taxes: Procedure, Law and Perspective ...