26 U.S.C. § 2521
Repealed. Pub. L. 94–455, title XX, § 2001(b)(3), Oct. 4, 1976, 90 Stat. 1849]
[repealed]
Notes of Decisions
Cited in 4
cases, 1962–1986 · leading case: United States v. Hemme, 476 U.S. 558 (1986).
United States v. Hemme, 476 U.S. 558 (1986). “26 U. S. C. §2521 (1970 ed.). This so-called “specific exemption” could be claimed, in whole or in part, at any time during the taxpayer’s lifetime.”
Pabst v. Comm'r of Taxes, 388 A.2d 1181 (Vt. 1978). “26 U.S.C. § 2521 (1970) (repealed 1977). 4 Although federal law on the subject is not conclusive, it appears that the taxpayer could apply the $30,000 lifetime exemption whenever he chose.”
E. Roy Albright v. United States, 308 F.2d 739 (5th Cir. 1962). “26 U.S.C.A. § 2521 . 5 . See Smith v. Commissioner of Internal Revenue, 8 Cir.”
Cox v. United States, 286 F. Supp. 761 (W.D. La. 1968). “In computing the alleged taxable gift, the Commissioner allowed complainant a $30,000 lifetime specific exemption (IRC § 2521), ( 26 U.S.C. § 2521 ), together with a $3,000 annual exclusion (IRC § 2503(b)), ( 26 U.”
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