Hertsche v. United States

366 F.2d 93 66-2 USTC P 12,424 Joel C. HERTSCHE, Jr., Executor of the Estate of Joel C. Hertsche, Deceased, and Joel C. Hertsche, Jr., Transferee of the Assets of the Estate of Joel C. Hertsche, Edceased, Appellants, v. UNITED STATES of America, Appellee. No. 20554. United States Court of Appeals Ninth Circuit. Sept. 14, 1966. Joyle C. Dahl, Walden Stout, Donald J. Georgeson, Duffy, Stout & Georgeson, Thomas G. Greene, Portland, Or., for appellants. Richard M. Roberts, Acting Asst. Atty. Gen., Lee A. Jackson, David O. Walter, Mark S. Rothman, Attys., Dept. of Justice, Washington, D.C., Sidney I. Lezak, U.S. Atty., Portland, Or., for appellee. Before MERRILL, BROWNING, and ELY, Circuit Judges. PER CURIAM: 1 This is an appeal from a judgment of dismissal in an action brought against the United States for the refund of federal estate taxes. The sole issue is whether section 2032 of the Internal Revenue Code of 1954 1 requires, as appellants contend, that, in the case of election to apply the statute's alternative valuation date provision and distribution to legatees within one year after the decedent's death, the date of actual, physical distribution must be taken as the only…