ESTATE OF WHEELER v. COMMISSIONER

Docket No. 54749.

26 T.C. 466 (1956)

ESTATE OF RAYMOND PARKS WHEELER, EVELYN KING WHEELER, EXECUTRIX, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 7, 1956.


Attorney(s) appearing for the Case

Percy E. Godbold, Jr., C. P. A., for the petitioner.

Homer F. Benson, Esq., for the respondent.


The Commissioner has determined a deficiency in estate tax of the Estate of Raymond Parks Wheeler of $66,714.60. The deficiency is due to adjustments to net estate described in the deficiency notice as follows:

Net estate for basic tax as disclosed by return --------------------------   $100,462.83
Additions to value of net estate and decreases in deductions:
  Real estate -----------------------------------------------   $12,500.00
  Stocks and bonds ----...

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