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scottzim80
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Joined: 16 Mar 2009
Location: United States
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Posts: 7
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| Posted: 01 Oct 2010 at 01:47 | IP Logged
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a little background about this case
duberstein and mohawk metals discuss business and duberstein gives
mohawk referrals expecting nothing in return.
sometime later, mohawk calls duberstein and tells him the information
was so helpful, he wants to give dberstein a cadillac.
duberstein says he doesnt have to give anything and he expected nothing
in return. mohawk insists that duberstein come to new york to pick up
the car and he does.
the irs assesses a tax deficiency on duberstein saying he did not include
the car in his income. duberstein claims it was a gift, etc.
my question is, did the tax courts favor him and agree it was a gift? the
article is very confusing. please help all tax specialists.
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scottzim80
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Joined: 16 Mar 2009
Location: United States
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Posts: 7
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| Posted: 01 Oct 2010 at 01:49 | IP Logged
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or did the tax courts agree it was a gift and then reversed by the supreme
court?
or other way around where tax court disagreed with taxpayer claiming it as
a gift and the supreme court ruled it as a gift?
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scottzim80
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Joined: 16 Mar 2009
Location: United States
Online Status: Offline
Posts: 7
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| Posted: 02 Oct 2010 at 22:03 | IP Logged
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nvm. i got it!
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Topic: duberstein(petioner) vs us. tax question
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