Estate of Matthew I. Heinold, Deceased, Virgil W. Heinold v. Commissioner of Internal Revenue

KNOCH, Circuit Judge.

The petitioner, Estate of Matthew I. Heinold, deceased, Virgil W. Heinold, Executor, seeks review of a decision of the Tax Court of the United States finding a deficiency in estate taxes, with specific reference to two disputed issues decided adversely to the petitioner.

The Tax Court held that the fair market value of 25,000 shares of stock owned by decedent at his death was $8 per share rather than the value of approximately half that figure placed on the stock by the petitioner’s expert witness, and that the proceeds of certain insurance policies on the decedent’s life…