TAX COURT OPINION

Case: Estate of Mary Roppolo Artall, Deceased, Jasper Artall, Betty Jo Artall Vollenweider, Ralph Artall,
Docket Number: 18899-05
Judge: Halpern
Opinion Type: memo
Filed: 03/18/2008
Pages: 2

~CC.~E' / 5 5 J /'~Q lpet ft) T .C . Memo . 2008-6 7 UNITED STATES TAX COUR T ESTATE OF MARY ROPPOLO ARTALL, DECEASED, JASPER ARTALL, CO- EXECUTOR, BETTY JO ARTALL VOLLENWEIDER, CO-EXECUTOR ; AND RALP H ARTALL, CO-EXECUTOR, Petitioners v . COMMISSIONER OF INTERNAL REVENUE, Responden t Docket No . 18899-05 . Filed March 18, 2008 . Donald A . Capretz and Lawrence D . Huter , for petitioners . Lillian D . Brigman , for respondent . MEMORANDUM OPINIO N HALPERN, Judge : Respondent determined a $247,101 deficiency in Federal estate tax . All section references are to the Internal Revenue Code in effect for November 21, 2001, the date of the death of Mar y %WED "fit -18 2004 - 2 - Roppolo Artall (decedent) . All Rule references are to the Tax Court Rules of Practice and Procedure . Some of the facts have been stipulated, and are so found . The stipulation of facts, with accompanying exhibits, is incorporated herein by this reference . Jasper and Ralph Artall resided in Louisiana and Betty Jo Artall Vollenweider resided in Texas at the time the petition was filed . The sole issue remaining for decision is a question of law that, recently, we answered in Estate of Farnam v . Commissioner , 130 T .C . - (2008) . The question is whether, for purposes of the liquidity test of section 2057(b)(1)(C), decedent's loans to an entity owned by her and two of her children and carrying on a trade or business are to be'treated as interests in that entity . In Estate of Farnam we answered that question in the negative . Petitioners have made no arguments that lead us to believe that we erred in Estate of Farnam . We rely on Estate of Farnam and hold accordingly . Decision will be entere d under Rule 155 .