Estate of Willett v. Commissioner

Estate of J. O. Willett, Deceased, R. S. Turner and Zoe C. Willett, Co-executors, and Zoe C. Willett, Surviving Wife v. Commissioner.

Estate of Willett v. Commissioner

Docket No. 1552-62.

United States Tax Court

T.C. Memo 1964-125; 1964 Tax Ct. Memo LEXIS 208; 23 T.C.M. (CCH) 733; T.C.M. (RIA) 64125;

May 6, 1964

C. McVea Oliver, for the petitioners. Willard A. Herbert, for the respondent.

TURNER

Memorandum Findings of Fact and Opinion

TURNER, Judge: The respondent determined a deficiency in income tax against the petitioners for the year 1958 in the amount of $86,764.

The issues for decision are (1)…