Estate of Emanuel Trompeter, deceased, Robin Carol Trompeter Gonzalez and Janet Ilene Trompeter Polachek, co-executors, petitioner v. Commissioner of Internal Revenue, respondent

From: United States. Tax Court. Reports | Date: July 1, 1998| Author: | Copyright information

ESTATE OF EMANUEL TROMPETER, DECEASED, ROBIN CAROL TROMPETER GONZALEZ AND JANET ILENE TROMPETER POLACHEK, CO-EXECUTORS, PETITIONER V. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT*

Docket No. 11170-95. Filed July 22, 1998.

E, an estate, is subject to the fraud penalty of sec. 6663(a), I.R.C. R computes this penalty based on E's underpayment as determined by taking into account only the deductions which were included on E's Federal estate tax return. E computes its underpayment by also taking into account deductions for expenses, such as professional fees and deficiency interest, which arose ...

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