ESTATE OF PFOHL v. COMMISSIONER

Docket No. 10823-76.

69 T.C. 405 (1977)

ESTATE OF PAULINE M. PFOHL, DECEASED, LOUIS H. PFOHL, EXECUTOR, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed December 6, 1977.


Attorney(s) appearing for the Case

Donald C. Christ and Jeffry N. Grabel, for the petitioner.

Michael P. Casterton, for the respondent.


OPINION

TANNENWALD, Judge:

In his notice of deficiency, respondent determined, among other things, that certain U.S. Treasury bonds, of a type eligible for use in payment of estate tax liabilities, were includable in decedent's gross estate at their par value rather than their fair market value at the date of death. See Bankers Trust Co. v. United States, 284 F.2d 537 (2d Cir. 1960); Rev. Rul. 69-489, 1969...

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