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ESTATE OF SCHLOSSER v. COMMISSIONER

Docket No. 63904.

32 T.C. 262 (1959)

ESTATE OF JOHN SCHLOSSER, DECEASED, RAYMOND SCHLOSSER, EXECUTOR, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed April 30, 1959.

Attorney(s) appearing for the Case

Vernon L. Stover, Esq., for the petitioner.

William C. Baskett, Esq., for the respondent.

The Commissioner has determined a deficiency in petitioner's estate tax of $21,150. The deficiency is due to an increase of $58,325.81 in the value of the stock in Sun Oil Company returned as part of decedent's gross estate. The adjustment is explained in the deficiency notice as follows: "The stock dividend of 831 shares at $70 3/16 per share of Sun Oil Company no par common stock is includible in gross estate for optional valuation purposes. Section 811(j), 1939 Code."...

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