ESTATE OF BARON v. COMMISSIONER

Docket No. 14759-81.

83 T.C. 542 (1984)

ESTATE OF SYDNEY S. BARON, SYLVIA S. BARON, ADMINISTRATRIX, AND SYLVIA S. BARON, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed September 26, 1984.


Attorney(s) appearing for the Case

Thomas S. Carles, Richard Baron, and Alice M. Carles, for the petitioners.

Martha Sullivan, for the respondent.


TANNENWALD, Judge:

Respondent determined the following deficiencies in petitioners' Federal income tax for 1977 and 1978:

Year                       Deficiency

1977 .....................  $230,031
1978 .....................    82,525

After concessions, we must determine whether petitioners are entitled to various deductions and credits claimed in connection with Sydney Baron's purchase of the U.S. and Canadian rights...

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