ESTATE OF PETSCHEK v. C.I.R.

No. 1020, Docket 83-4215.

738 F.2d 67 (1984)

ESTATE OF Ernst N. PETSCHEK, Deceased, Thomas H. Petschek and Asher Lans, Executors, Petitioners-Appellants, v. The COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Second Circuit.

Decided June 21, 1984.


Attorney(s) appearing for the Case

Asher B. Lans, New York City (Judith S. Jaffess, Burns, Summit, Rovins & Feldesman, New York City, of counsel), for petitioners-appellants.

Carleton D. Powell, Tax Div., Dept. of Justice, Washington, D.C. (Glenn L. Archer, Jr., Asst. Atty. Gen., Michael L. Paup, Patricia A. Willing, Tax Division, Dept. of Justice, Washington, D.C., of counsel), for respondent-appellee.

Before KAUFMAN, MESKILL and NEWMAN, Circuit Judges.


MESKILL, Circuit Judge:

This is an appeal from the judgment of the United States Tax Court, Nims, J., 81 T.C. 260, which held that appellants' decedent Petschek failed to report $136,547 of taxable trust income for 1975 and that Petschek was thus deficient in his income tax paid in the amount of $98,222.

We affirm the decision of the tax court.

BACKGROUND

Appellants are the executors of the estate of the decedent...

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