Kier v. Commissioner
United States Board of Tax Appeals
Respondent's determination of fair market value of corporate stock, based upon sales of scattered shares, sustained where facts concerning financial condition and business prospects of the corporation and record of stock sales on the Exchange indicate that the stock owned by decedent's estate could have been marketed within a reasonable time at prices at least equal thereto.
1Opinion of the Court
opinion.
Goodrich :
Petitioners, wbo are the duly qualified executors under the will of Mary Dennison Myler, who died on May 4, 1927, a resident of Pittsburgh, Pennsylvania, in this proceeding attack respondent’s determination of a deficiency in estate tax of $35,243. The entire controversy relates to the value at which stock of the Standard Sanitary Manufacturing Co. owned by decedent at the time of her death should be included in her estate for purposes of the tax. A stipulation of counsel, which need not be here recited in full, sets forth facts respecting decedent’s holdings, the business…
2Cases cited1 opinion
- Bingham's Administrator v. CommonwealthCourt of Appeals of Kentucky · 1922
3Cited by13 opinions
- Estate of Prell v. CommissionerUnited States Tax Court · 1967
- Gamble v. CommissionerUnited States Board of Tax Appeals · 1935
- Jensen v. Republic Steel Corp.Cuyahoga County Common Pleas Court · 1940
- St. Louis Union Trust Co. v. CommissionerUnited States Board of Tax Appeals · 1934
- Estate of Prell v. CommissionerUnited States Tax Court · 1967
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