DocketNumber: Docket No. 2665-74.
Filed Date: 1/17/1983
Status: Non-Precedential
Modified Date: 11/20/2020
MEMORANDUM OPINION
FAY, Petitioners, George T. and Sandra K. Owens, resided in Las Vegas, Nev., when they filed their petition herein. In his notice of deficiency, respondent determined petitioners omitted certain tip income from their 1971 gross income. In their petition, petitioners asserted money received from patrons of a gambling casino constitutes nontaxable gifts. At the call of the case, petitioner George T. Owens entered his appearance and stated he would not testify or would not present any evidence, but only that he was present in Court for the sole purpose of demanding a trial by jury. It is well settled that "tokes" are not gifts but*760 must be included in a taxpayer's gross income. Accordingly,