Estate of Gillet v. Comm'r
United States Tax Court
Decedent died holding shares of common stock in a closely held water utility company. Held, for Federal estate tax purposes, the date-of-death fair market value of the shares of stock held by decedent was $125.25 per share.
1Opinion of the Court
ESTATE OF CHARLES B. GILLET, DECEASED, SHERLOCK S. GILLET AND CHARLES C. FENWICK, CO-EXECUTORS, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Gillet v. Comm'r
Docket No. 880-83.
United States Tax Court
T.C. Memo 1985-394; 1985 Tax Ct. Memo LEXIS 227; 50 T.C.M. (CCH) 636; T.C.M. (RIA) 85394;
August 7, 1985.
Decedent died holding shares of common stock in a closely held water utility company. Held, for Federal estate tax purposes, the date-of-death fair market value of the shares of stock held by decedent was $125.25 per share.
Stanard T. Klinefelter and Robert C. Young, for the…
2Cases cited8 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- United States v. CartwrightSupreme Court of the United States · 1973
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
- Marie H. Hamm v. Commissioner of Internal Revenue, William Hamm, Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Harwood v. CommissionerUnited States Tax Court · 1984
3 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Okerlund v. United StatesUnited States Court of Federal Claims · 2002
- Okerlund v. United StatesCourt of Appeals for the Federal Circuit · 2004
- Okerlund v. United StatesCourt of Appeals for the Federal Circuit · 2004