ESTATE OF MELTZER v. COMMISSIONER

Docket No. 2838-68.

29 T.C.M. 265 (1970)

T.C. Memo. 1970-62

Estate of Nathalie Meltzer, Deceased, Louis A. Zuckerman and David M. Osnos, Co-executors v. Commissioner.

United States Tax Court.

Filed March 12, 1970.


Attorney(s) appearing for the Case

John J. Yurow, 1100 Federal Bar Bldg., 1815 H St., N. W., Washington, D. C., for the petitioner. L. Buck Fowler, for the respondent.


Memorandum Opinion

KERN, Judge:

Respondent determined a gross deficiency in federal estate taxes in the amount of $495,800.87. Several issues have been settled as a result of concessions made by the parties. The only question remaining for our decision concerns respondent's determination that the "values for life insurance policies owned by decedent on the life of her husband * * * are based upon the actual proceeds of these policies." The values which had...

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