ESTATE OF GILFORD v. COMMISSIONER

Docket No. 31395-83.

88 T.C. 38 (1987)

ESTATE OF SAUL R. GILFORD, DECEASED, LAUREN E. WURSTER, EXECUTOR, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed January 12, 1987.


Attorney(s) appearing for the Case

Wallace M. Wright and Scribner L. Fauver, for the petitioner.

Frank R. DeSantis, for the respondent.


HAMBLEN, Judge:

Respondent determined a deficiency of $4,330,651.21 in the Federal estate tax of the Estate of Saul R. Gilford. After concessions, the sole issue for decision is the date of death fair market value of 381,150 shares of Gilford Instrument Laboratories, Inc., common stock owned by Saul R. Gilford at his death.

FINDINGS OF FACT

Some of the facts have been stipulated and are found accordingly. The stipulation of facts, the supplemental...

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