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Respondent presented the testimony of Robert O’Rear (Mr.
O’Rear). Mr. O’Rear has a B.S. in forestry and has taken at
least two valuation classes. His 30 years of work experience
include appraising timber, timberland, cropland, and forest
plantations. He prepared an expert report in accordance with
Rule 143(f), and respondent identified Mr. O’Rear as a witness in
his pretrial memorandum. Mr. O’Rear’s professional training and
work experience qualify him as an expert to value DP for estate
tax purposes.
Each party urges us to reject the other party’s expert’s
opinions. We may, however, accept or reject the opinion of an
expert in its entirety, or we may be selective in the use of any
portion thereof. Estate of Davis v. Commissioner, supra at 538;
Parker v. Commissioner, 86 T.C. 547, 562 (1986); Buffalo Tool &
Die Manufacturing Co. v. Commissioner, 74 T.C. 441, 452 (1980).
Stated differently, we decide, as the trier of fact, the weight
afforded any witness’s testimony, and we are not compelled to
accept any testimony even if it is uncontradicted. McGraw v.
Commissioner, 384 F.3d 965, 972 (8th Cir. 2004), affg. Butler v.
Commissioner, T.C. Memo. 2002-314; Paul E. Kummer Realty Co. v.
Commissioner, 511 F.2d 313, 315 (8th Cir. 1975), affg. T.C. Memo.
1974-44.
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