HULEN, District Judge.
Can the executors of a deceased taxpayer reopen the taxpayer's 1947 tax return to readjust the cost basis of stock to reflect an increase in the price paid for the stock and thereby reduce the amount on which a capital gain tax is due (the taxpayer having sold the stock in 1947 for $400 a share), because a settlement in a suit by the widow of the taxpayer against the estate in 1951 stipulated the widow shall be, and was, paid on a basis of ...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.