A Gift to the 'Next Generation'

Business Valuation UpdateVol. 6 No. 6
Legal and Court Case Update
June 2000

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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
US
Federal Court
United States Tax Court
Kenneth McGraw (for taxpayer)<br>Robert Reilly (for taxpayer)<br>David N. Fuller (for IRS)
Ruwe

Summary

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

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April 11, 2000

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