Larkin v. Commissioner

Board of Tax Appeals

Larkin v. Commissioner

1 B.T.A. 1045, 1925 BTA LEXIS 2697

CourtUnited States Board of Tax Appeals

DecidedApril 25, 1925

DocketDocket No. 1764.

StatusPublished

This text of 1 B.T.A. 1045 (Larkin v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Larkin v. Commissioner, 1 B.T.A. 1045, 1925 BTA LEXIS 2697 (bta 1925).

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Opinion

[1046]*1046DECISION.

The deficiency should be recomputed by allowing the taxpayer a deduction on account of executor’s fees in the sum of $12,500: a deduction on account of attorneys’ fees in the sum of $25,000; a deduction on account of accountant’s fee of $3,800; and a deduction from the value of the gross estate in respect of the overvaluation on account of the stock of Cosden & Co., of $20,377.50. The final deficiency will be settled upon ten days’ notice, in accordance with Bule 50.

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[1046]*1046DECISION.

The deficiency should be recomputed by allowing the taxpayer a deduction on account of executor’s fees in the sum of $12,500: a deduction on account of attorneys’ fees in the sum of $25,000; a deduction on account of accountant’s fee of $3,800; and a deduction from the value of the gross estate in respect of the overvaluation on account of the stock of Cosden & Co., of $20,377.50. The final deficiency will be settled upon ten days’ notice, in accordance with Bule 50.

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1 B.T.A. 1045, 1925 BTA LEXIS 2697, Counsel Stack Legal Research, https://law.counselstack.com/opinion/larkin-v-commissioner-bta-1925.

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