PENICK v. COMMISSIONER OF INTERNAL REVENUE, 37 T.C. 999 (1962) MARGARET H. D. PENICK, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT. Docket No. 75658.United States Tax Court. Filed February 27, 1962. Held, that the payments made to petitioner in 1955 and 1956 by S. B. Penick Company were not made to her as gifts and were […]
