ESTATE OF KLAUSS v. COMMISSIONER

Docket No. 5578-97.

79 T.C.M. 2177 (2000)

T.C. Memo. 2000-191

Estate of Emily F. Klauss, Deceased, John G. Klauss, Independent Executor v. Commissioner.

United States Tax Court.

Filed June 27, 2000.


Attorney(s) appearing for the Case

Wayne R. Mathis, San Antonio, Texas, for the petitioner. Gerald L. Brantley, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

COLVIN, Judge:

Respondent determined a deficiency in petitioner's estate tax of $1,801,053.

After concessions, the sole issue for decision is whether the fair market value of 184 shares of Green Light Chemical Co., Inc., owned by Emily F. Klauss (decedent) on February 1, 1993, was $1,810,000, as petitioner contends; $2,713,000, as respondent contends; or some...

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