ESTATE OF BISCHOFF v. COMMISSIONER

Docket Nos. 312-72, 1035-73.

69 T.C. 32 (1977)

ESTATE OF BRUNO BISCHOFF, DECEASED, HERBERT BISCHOFF AND ALVINA L. MARTIN, EXECUTORS, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT ESTATE OF BERTHA BISCHOFF, DECEASED, HERBERT BISCHOFF AND ALVINA L. MARTIN, EXECUTORS, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed October 20, 1977.


Attorney(s) appearing for the Case

Charles H. Miller, Michael L. Hirschfeld, Jesse Safir, and Arthur L. Kimmelfield, for the petitioners.

Marion Westen and Peter Matwiczyk, for the respondent.


FAY, Judge:

Respondent determined a deficiency in petitioners' Federal estate taxes in docket No. 312-72 in the amount of $747,719.01 and in docket No. 1035-73 in the amount of $1,010,775.40.

Other issues having been disposed of by agreement of the parties, the issues remaining for decision are:

(1) Whether the estate tax valuation of decedents' interests in F. B. Associates and Frank Brunckhorst Co. is limited to the amount provided for and...

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