Larkin v. Commissioner

Board of Tax Appeals

Larkin v. Commissioner

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

United States Board of Tax Appeals·Decided April 25, 1925·No. Docket No. 1764.·Published

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.

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

Pincite

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Opinion

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