Schulz v. Commissioner
United States Board of Tax Appeals
Respondent's valuation of stock for estate-tax purposes sustained for lack of evidence to show error.
1Opinion of the Court
*420OPINION.
ARTjndell:
Counsel for the petitioner, at the hearing and in his brief, has asked that we find that the board of directors of the W. F. Schrafft & Sons Corporation has the right to fix the value of the corporate stock, and that the board has the right to purchase the stock at the value fixed. For reasons hereinafter set forth we are unable to make the finding requested.
The estate of petitioner apparently is subject to administration under the laws of Massachusetts, though this is not clearly shown. It is unquestionably the law of tliat Commonwealth that a provision in the by-laws of…
2Cases cited3 opinions
- New England Trust Co. v. AbbottMassachusetts Supreme Judicial Court · 1894
- Barrett v. KingMassachusetts Supreme Judicial Court · 1902
- Longyear v. HardmanMassachusetts Supreme Judicial Court · 1914
3Cited by7 opinions
- Estate of Reynolds v. CommissionerUnited States Tax Court · 1970
- Helmholz v. CommissionerUnited States Board of Tax Appeals · 1933
- Koch v. CommissionerUnited States Board of Tax Appeals · 1933
- Estate of Wildman v. CommissionerUnited States Tax Court · 1989
- Estate of Reynolds v. CommissionerUnited States Tax Court · 1970
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