Case Name: Appeal of ESTATE OF WILLIAM H. LARKIN
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-04-25
Citations: 1 B.T.A. 1045
Docket Number: Docket No. 1764
Parties: Appeal of ESTATE OF WILLIAM H. LARKIN.
Judges: Before James, Littleton, Smith, and TRUssell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 1
Pages: 1045–1046

Head Matter:
Appeal of ESTATE OF WILLIAM H. LARKIN.
Docket No. 1764.
Submitted April 1, 1925;
decided April 25, 1925.
J. M. Gumming, O. P. A., for the taxpayer.
B. E. Copes, Esq., for the Commissioner.
Before James, Littleton, Smith, and TRUssell.

Opinion:
DECISION.
The deficiency should be recomputed by allowing the taxpayer a deduction on account of executor's fees in the sum of $12,500: a deduction on account of attorneys' fees in the sum of $25,000; a deduction on account of accountant's fee of $3,800; and a deduction from the value of the gross estate in respect of the overvaluation on account of the stock of Cosden & Co., of $20,377.50. The final deficiency will be settled upon ten days' notice, in accordance with Bule 50.