Estate of Rodolfo Ogarrio (Daguerre), Deceased, Frank Rashap, Ancillary Administrator v. Commissioner of Internal Revenue

In this petition for review of a decision of the United States Tax Court, 40 T.C. 242 (May 7, 1963), the principal controversy relates to certain moneys owed to decedent (a non-resident alien not engaged in business in the United States) by a stock brokerage firm in New York. The Tax Court held that these moneys were not excludable from his gross estate for Federal estate tax purposes as “bank deposits” under Section 2105(b), INTERNAL REVENUE CODE of 1954. It also held that other moneys and stocks due decedent from a sometime former employer in the United States but received by his estate…