ESTATE OF SELZNICK v. COMMISSIONER

Docket No. 14985.

15 T.C. 716 (1950)

ESTATE OF MYRON SELZNICK, DECEASED, BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, DAVID O. SELZNICK AND CHARLES H. SACHS, EXECUTORS, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated November 28, 1950.


Attorney(s) appearing for the Case

Lucien W. Shaw, Esq., for the petitioners.

E. A. Tonjes, Esq., and L. C. Aarons, Esq., for the respondent.


SUPPLEMENTAL OPINION.

VAN FOSSAN, Judge:

The respondent determined a deficiency of $384,634.05 in the estate tax liability of the Estate of Myron Selznick, deceased. On June 23, 1947, the executors of the Estate of Myron Selznick petitioned this Court for a redetermination of the deficiency. The parties came to agreement and settled by stipulation many of the issues from which a large part of the deficiency...

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