Thompson v. Commissioner
United States Tax Court
1. At the time of decedent's death, February 2, 1952, she owned 27 shares of the common stock of the Mushroom Supply Company, a family-held corporation. The estate tax return filed by petitioner included these shares at a valuation of $225 per share. The Commissioner in his determination of a deficiency in estate tax increased this valuation to $535 per share.
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1. At the time of decedent's death, February 2, 1952, she owned 27 shares of the common stock of the Mushroom Supply Company, a family-held corporation. The estate tax return filed by petitioner included these shares at a valuation of $225 per share. The Commissioner in his determination of a deficiency in estate tax increased this valuation to $535 per share. Held, the value of each share of the stock at decedent's death was $283.50 per share. 2. Respondent's determination included in decedent's gross estate as decedent's interest, certain notes and an undivided one-half interest in a…
1Opinion of the Court
Estate of Barbara F. Thompson, Deceased, Forrest G. Thompson, Administrator v. Commissioner.
Thompson v. Commissioner
Docket No. 62664.
United States Tax Court
T.C. Memo 1959-183; 1959 Tax Ct. Memo LEXIS 66; 18 T.C.M. (CCH) 801; T.C.M. (RIA) 59183;
September 29, 1959
1. At the time of decedent's death, February 2, 1952, she owned 27 shares of the common stock of the Mushroom Supply Company, a family-held corporation. The estate tax return filed by petitioner included these shares at a valuation of $225 per share. The Commissioner in his determination of a deficiency in estate tax increased this…
2Cases cited10 opinions
- McCown v. FraserSupreme Court of Pennsylvania · 1937
- Ryman's CaseSuperior Court of Pennsylvania · 1939
- Union Trust Co. of New Castle v. CwynarSupreme Court of Pennsylvania · 1957
- Bryden's EstateSupreme Court of Pennsylvania · 1905
- Owens AppealSuperior Court of Pennsylvania · 1950
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