gross estate deductions
239 F.2d 316 (5th Cir. 1956), 16024, Goldberg v. C.I.R.
...Sam GOLDBERG and Estate of Evelyn Goldberg, Sam Goldberg, Executor, ...Deductions were disallowed in an amount exceeding $20,000. . ... made five sales for a total of $4,000 and gross profits of $653.58. The average useful life of ...
92 T.C. 899 (1989), 27245-86, Crocker v. C.I.R.
... that this is the reason for petitioners' gross understatement of their tax liability. Respondent ...Crocker mistakenly took certain deductions for expenses paid in connection with the ‘ day ...Boyle, supra at 246; Estate of Paxton v. Commissioner, 86 T.C. 785, 819 ...
94 T.C. 666 (1990), 3635-88, Estate of Nicholson v. C.I.R.
...Section 2051 defines the value of the taxable estate as the gross estate less deductions. Under section 2056(a), the estate may claim, as a ...
119 T.C. 220 (T.C. 2002), 1118-98, Estate of Armstrong v. Commissioner of Internal Revenue
... 1. Held: Pursuant to sec. 2035(c), I.R.C., D's gross estate includes the $ 4,680,284 in gift taxes paid by or on behalf of D ...Respondent also disallowed the estate's claimed deductions for certain administrative expenses. . . . . ...
The property tax deduction--impact on governments and taxpayers.
... look at tax reform, specifically, deductions for mortgage interest, state and local taxes, and ... include state and local income taxes, real estate and personal property taxes, and general sales ...As shown in Table 1, when the adjusted gross income range is between $0 and $25,000, the ...
994 F.2d 1576 (Fed. Cir. 1993), 92-5062, Burke v. United States
...BURKE, as Personal Representative of the Estate of. Edna Sproull Williams, Deceased, ...On the tax return, the entire gross estate was valued at $10,489,753.94. However, the estate claimed deductions totaling $9,747,444.42, leaving a taxable estate ...
697 F.3d 238 (5th Cir. 2012), 10-41311, Keller v. United States
... KELLER, Co-Independent Executor of the Estate of Maude Williams, Deceased; Ann Harithas, ...'s " taxable estate" — the value of the gross estate less applicable deductions. I.R.C. § ...
116 T.C. 142 (T.C. 2001), 3107-98, Estate of Gribauskas v. Commissioner of Internal Revenue
... HELD: The lottery payments must be included in D's gross estate and valued for estate tax purposes through application of the ... is defined as the " value of the gross estate", less applicable deductions. Sec. 2051. Section 2031(a) then specifies that the gross estate comprises ...
Estate of Sommers v. Commissioner of Internal Revenue, 082217 FEDTAX, 9306-07
... D's gross estate, within the meaning of I.R.C. sec. 2031(a). In accordance ... deductions from the value of the gross estate. . . ...
36 T.C. 184 (1961), 77545, Estate of Stevens v. C.I.R.
... The value of the decedent's gross probate estate (as distinguished from his gross estate for Federal estate ... the 1939 Code; and they reported in said return, gross estate, deductions, and net estate tax payable as follows:. . . GROSS ESTATE . . ...
- 26 CFR 1.642(h)-5 - Example
- 12 CFR 702.104 - Risk portfolios defined
149 T.C. 209 (T.C. 2017), 9306-07, Estate of Sommers v. Commissioner of Internal Revenue
... resulting from the inclusion in the value of decedents gross. estate under section 2035(b) of alleged gift tax on gifts. ... deductions from the value of the gross estate. . . ...
- 26 CFR 20.2031-7 - Valuation of annuities, interests for life or term of years, and remainder or reversionary interests
130 T.C. 1 (T.C. 2008), 15190-05, Estate of Christiansen v. Commissioner of Internal Revenue
...H disclaimed the portion of the gross estate that had a fair market value of more than $ 6,350,000. The will ..., so we begin our analysis with some background on estate-tax deductions, followed by a close reading of the regulation governing partial ...
102 T.C. 632 (1994), 9566-91, Clayton v. C.I.R.
... agent computed petitioner's average weekly gross wagers to be $87,600, he multiplied this figure ... Estate of Mason v. Commissioner, 64 T.C. 651, 657 ... shall show all items of gross income, deductions", and credits for such taxable year. \xC2"...
28 T.C. 1034 (1957), 32857, Seaboard Commercial Corp. v. C.I.R.
...1939, of deductions for interest and service charges, held, not ...Cl., 1937) 19 F.Supp. 247; Estate of Henry G. Egan, 28 T.C. 998, and hence is in a ... to distribute, apportion, or allocate gross...
- Mass. Gen. Laws ch. 65C, § 1 - Definitions
225 F.2d 216 (6th Cir. 1955), 12276, Drieborg v. C.I.R.
... proof on the several issues.' Sol Gross, Para. 49, 254 P-H TC Memo., Docket No. 15004, ... adjustments is not an admission of fraud.' Estate of Fred Arbogast, Para. 48, 047 P-H TC Memo., . ... reported, nor of the creditors or deductions either claimed by the taxpayer or allowable to ...
Estate of Powell v. Commissioner of Internal Revenue, 051817 FEDTAX, 24703-12
... is includible in the value of her gross estate to the extent. required by either I.R.C. sec. 2036(a)(2) or ... applicable deductions. Section 2031(a) specifies that the. value of the gross estate ...
44 T.C. 382 (1965), 91253, Perlmutter v. C. I. R.
... alia, a comparison of the corporation's gross receipts (of which 90 percent or more represented ... were financed), gross income, total deductions exclusive of officer's salary, Ben's salary, ... mid-1959 the Ambrose-Williams Co., a real estate brokerage firm specializing in shopping-center ...
- 26 CFR 20.2031-7a - Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before May 1, 2009
73 T.C. 1163 (1980), 3059-73, Karme v. C.I.R.
... October 1969, petitioners sought tax and estate planning advice from Elaine B. Fischel (Fischel), ...The gross discrepancy between the purported indebtedness ..., in which we allowed one of the deductions...
77 T.C. 582 (1981), 1588-77, Crown v. C.I.R.
...Reinstein , and Geoffrey F. Grossman , for the petitioners. . ... Deductions are regularly allowed for business expenses paid ...[B. Bittker, Federal Taxation of Income Estates and Gifts, par. 105.2.4, pp. 105-42--105-43 ...