Summary
The Tax Court determined that a transfer of stock was a gift rather than a loan even though the parties executed a note.
See Also
Greg R. Vinikoor and Melissa D. Vinikoor v. CIR
The Tax Court determined that a transfer of stock was a gift rather than a loan even though the parties executed a note. The court listed nine factors it considered when determining whether the loan was a bona fide debt. Since the alleged debt did not me ...