ESTATE OF GOODWYN v. COMMISSIONER

Docket No. 480-67.

32 T.C.M. 740 (1973)

T.C. Memo. 1973-153

Estate of Hilton W. Goodwyn, deceased, State-Planters Bank of Commerce and Trusts and Hilton W. Goodwyn, Jr., Co-Executors v. Commissioner.

United States Tax Court.

Filed July 16, 1973.


Attorney(s) appearing for the Case

Abraham Homer, United Va. Bk. Bldg., Richmond, Va., John W. Pearsall, and John W. Pearsall, III, for the petitioners. Robert A. Bridges, Robert T. Hollohan, and John T. Flask, for the respondent.


Memorandum Findings of Fact and Opinion

QUEALY, Judge:

On or before October 27, 1963, a U.S. estate tax return was duly filed on behalf of decedent's estate showing a taxable estate in the amount of $748,534.91 and a net estate tax payable of $209,477.54.

In his notice of deficiency, the respondent determined that the corrected taxable estate of the decedent amounted to $5,838,621.48, on account of which there was a deficiency in estate tax of $2...

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