John A. Propstra, Personal Representative of the Estate of Arthur E. Price v. United States of America, John A. Propstra, Personal Representative of the Estate of Arthur E. Price v. United States

680 F.2d 1248 82-2 USTC P 13,475 John A. PROPSTRA, personal representative of the Estate of Arthur E. Price, Plaintiff-Appellee, v. UNITED STATES of America, Defendant-Appellant. John A. PROPSTRA, personal representative of the Estate of Arthur E. Price, Plaintiff-Appellant, v. UNITED STATES of America, Defendant-Appellee. Nos. 80-5424, 80-5430. United States Court of Appeals, Ninth Circuit. Argued and Submitted Nov. 9, 1981. Decided July 6, 1982. Ernest J. Brown, Washington, D. C., argued, for United States; Robert A. Bernstein, M. Carr Ferguson, Dept. of Justice, Washington, D. C., on brief. G. Ben-Horin, Brown & Bain, P. A., Phoenix, Ariz., for Propstra. Appeal from the United States District Court for the District of Arizona. Before KENNEDY and BOOCHEVER, Circuit Judges, and EAST, * District Judge. BOOCHEVER, Circuit Judge. 1 This case presents two issues regarding the valuation of assets of and claims against an estate for the purposes of computing the value of a taxable estate under the federal estate tax laws. Plaintiff John Propstra, the personal representative of the estate of Arthur E. Price (estate), filed this action to recover an alleged over-assessment of federal…