Legal Opinion
Estate of Gwinn v. Commissioner
United States Tax Court
Decided October 18, 1955No. Docket No. 48095PublishedCited by 3 opinions
1Opinion of the Court
OPINION.
Bruce, Judge:
Issue 1.
The first question presented is the value of the 360 shares of the common stock of Gwinn Bros. & Co. owned by D. Byrd Gwinn at the date of his death, January 15,1951. In the estate tax return filed for the estate this stock was valued at $40 per share. The Commissioner increased the value to $195 per share. We have carefully considered all of the relevant facts and circumstances presented by the evidence herein and have found as a fact that the fair market value of the stock in question as of the basic date was $60 per share. This finding is dispositive of this…
2Cases cited25 opinions
- In Re MessingerCourt of Appeals for the Second Circuit · 1928
- Phalen v. VirginiaSupreme Court of the United States · 1850
- Commissioner of Internal Revenue v. ProcterCourt of Appeals for the Fourth Circuit · 1944
- Chatham Phenix National Bank v. CrosneyNew York Court of Appeals · 1929
- In Re Gallagher's WillNew Mexico Supreme Court · 1953
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3Cited by3 opinions
- Estate of Maxcy v. CommissionerUnited States Tax Court · 1969
- WACHOVIA BANK & TRUST COMPANY v. United StatesUnited States Court of Claims · 1958
- Estate of Matthew I. Heinold, Deceased, Virgil W. Heinold v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1966