BACHE TRUST v. COMMISSIONER

Docket Nos. 49908, 50063.

24 T.C. 960 (1955)

JULES S. BACHE TRUST FOR HAZEL B. BECKMAN U/D DATED JUNE 1, 1921, CLIFFORD W. MICHEL, C. FRANK REAVIS AND WILLIAM B. FRANKE, SURVIVING AND SUCCESSOR TRUSTEES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. JULES S. BACHE TRUST FOR KATHRYN B. MILLER U/D DATED DECEMBER 15, 1927, GILBERT MILLER, CLIFFORD W. MICHEL AND PAUL FELIX WARBURG, SURVIVING AND SUCCESSOR TRUSTEES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 31, 1955.


Attorney(s) appearing for the Case

Peter J. Repetti, Esq., and Gerald Silbert, Esq., for the petitioners.

Clay C. Holmes, Esq., for the respondent.


OPINION.

RICE, Judge.

These consolidated proceedings involve deficiencies in income tax for 1948 determined by the respondent against the Jules S. Bache Trust for Hazel B. Beckman and the Jules S. Bache Trust for Kathryn B. Miller, in the respective amounts of $35,055.43 and $30,510.13.

The sole issue is whether estate taxes paid by the petitioner trusts on the estate of Jules S. Bache, in compromise of the respondent's determination that...

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