CLARK v. COMMISSIONER

Docket No. 81301.

1 T.C. 663 (1943)

ELROY N. CLARK AND CITY BANK FARMERS TRUST COMPANY, AS TRUSTEES UNDER TWO TRUST AGREEMENTS DATED MARCH 24, 1932 AND APRIL 11, 1932, RESPECTIVELY, MADE BY CHARLES W. WATERMAN, NOW DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated February 25, 1943.


Attorney(s) appearing for the Case

George Craven, Esq., for the petitioners.

Allen T. Akin, Esq., for the respondent.


OPINION.

DISNEY, Judge:

This proceeding involves estate tax liability, a deficiency in which was determined in the amount of $17,514.64. All facts were stipulated, and we adopt as our findings of fact those set forth in such stipulation. The Federal estate tax return was filed with the collector at Denver, Colorado. The questions presented are as to whether the Commissioner erred in the reduction of deductions for charitable transfers, attorneys'...

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