GALLUN v. COMMISSIONER

Docket Nos. 2729-73, 2730-73.

33 T.C.M. 1316 (1974)

T.C. Memo. 1974-284

Edwin A. Gallun v. Commissioner. Evelyn J. Gallun v. Commissioner.

United States Tax Court.

Filed November 6, 1974.


Attorney(s) appearing for the Case

Wayne J. Roper, 757 N. Broadway, Milwaukee, Wis., Richard S. Gibbs, and John W. Hein, for the petitioners. F. Patrick Matthews and Denis J. Conlon, for the respondent.


Memorandum Findings of Fact and Opinion

WILES, Judge:

Respondent has determined the following deficiencies in petitioners' Federal gift tax for the year 1969:

      Docket No.          Amount

       2729-73 ........... $12,726.24
       2730-73 ...........  11,930.85

The only issue for decision is the valuation of certain stock of a closely-held corporation that petitioner, Edwin...

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