The U.S. Tax Court case involves the Estate of Eva Franzen Kollsman, with Jeffrey Hyland as executor, disputing a $781,488 deficiency in federal estate tax. The main issue is the fair market value of two paintings, 'Village Kermesse, Dance Around the Maypole' by Pieter Brueghel the Younger and 'Orpheus Charming the Animals' attributed to Jan Brueghel the Elder or Younger. The court evaluates expert reports on the paintings' values, considering factors like condition, market demand, and cleaning risks. The court ultimately adjusts the valuations based on these factors.
documents/EFTA01063319.pdf
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