70 T.C. 788 (1978), 8683-74, 212 Corp. v. Commissioner of Internal Revenue

Citation: 70 T.C. 788

Opinion Judge: QUEALY, Judge:

Party Name: 212 CORPORATION, PETITIONER v. COMMISSIONER of INTERNAL REVENUE, RESPONDENT ESTATE of ARTHUR F. SCHULTZ, DECEASED, ROBERT C. SCHULTZ and HAROLD H. SCHULTZ, EXECUTORS, and MADELINE M. SCHULTZ, PETITIONERS v. COMMISSIONER of INTERNAL REVENUE, RESPONDENT

Attorney: Joseph Getz and Robert N. Spaeder, for the petitioners. Stephen R. Takeuchi, for the respondent.

Judge Panel: FAY, J., dissenting: SIMPSON, J., dissenting:

Case Date: August 31, 1978

Court: U.S. Tax Court