The respondent determined an estate tax liability of $14,340.64. The issue presented for decision is whether respondent erred in disallowing deduction from the gross estate, as debts of the decedent, the amount represented by 20 notes executed by the decedent, payable to each of his 10 children, in the amount of $3,000 each and interest thereon. One other adjustment in the notice of deficiency was not assigned as error and is not contested by petitioners. The case was presented...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
