T.C. Memo. 2001-128
UNITED STATES TAX COURT
ESTATE OF DUILIO COSTANZA, DECEASED,
MICHAEL J. COSTANZA, EXECUTOR, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 16059-97. Filed June 4, 2001.
Charles L. McKelvie and Rita A. Baird, for petitioner.
Robert S. Bloink and Meso T. Hammoud, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
LARO, Judge: The Estate of Duilio Costanza, Deceased,
Michael J. Costanza, Executor, petitioned the Court to
redetermine respondent's determination of a $297,062 deficiency
in its Federal estate tax. Following concessions, we must decide
whether the gross estate of Duilio Costanza (decedent) includes,
or whether decedent made a taxable gift of, any or all of the
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