gross estate deductions
269 U.S. 422 (1925), United States v. Anderson
... and profits ascertained by deducting from gross income expenses paid, losses sustained, interest ... Treasury regulation, to include in its deductions the amount of a "reserve" entered on its books ... of the taxpayer of the right to deduct estate taxes levied under that Act for the year when ...
18 T.C. 780 (1952), 31024, Clark v. C. I. R.
...Estate of Carr V. Van Anda, 12 T.C. 1158, affd.per ...Van Anda, supra; Jacob Grossman, 9 B.T.A. 643; Elizabeth Hetherington, 20 B.T.A. ... applied in cases dealing not only with deductions under section 23(k), but also cases involving ...
- 26 CFR 1.664-4 - Calculation of the fair market value of the remainder interest in a charitable remainder unitrust
- Wash. Admin. Code § 458-57-125 - Apportionment of tax when out-of-state property is included in the gross estate of a decedent
- 26 CFR 20.2053-1 - Deductions for expenses, indebtedness, and taxes; in general
745 F.3d 953 (9th Cir. 2014), 12-70323, Estate of Saunders v. Commissioner of Internal Revenue
...To determine the value of the taxable estate, the gross estate is reduced by any deductions allowable under the Internal Revenue ...
- 26 CFR 1.468b-9 - Disputed ownership funds
43 F.3d 172 (5th Cir. 1995), 94-40005, Powers v. C.I.R.
... $1,853,043 and $4,804,790 of deductions on the 1978 and 1979 tax returns respectively by ...He relies upon statements made in Meyer's Estate v. Commissioner, 200 F.2d 592, 595-97 (5th ... deductions allowed by this chapter over the gross income." 26 U.S.C. Sec. 172(c). 4 For tax years ...
114 F.2d 713 (6th Cir. 1940), 8232, Hoefle v. C. I. R.
... income, his denial of certain deductions claimed for bad debts, and his assessments of ..., interest on savings, and fees from an estate. Petitioner did not file his ... excess of $150,000, petitioner returned a gross income on only $92,886.61. The Board said: 'To ...
Estate and Gift Taxes
... was incompletely transferred during life will be included in the gross estate at death (26 U.S.C.A. §§ 2035?2038). Therefore, any appreciation ...@Deductions. Once the value of the gross estate has been computed, the estate is ...
- Wash. Admin. Code § 458-57-015 - Valuation of property, property subject to estate tax, how to calculate the tax
64 T.C. 889 (1975), 1517-74, Estate of Fawcett v. Commissioner of Internal Revenue
... value of decedent's interest in the property was included in his gross estate, but the entire outstanding balance of the note at decedent's death ...Petitioner included in the deductions from the gross estate the full amount of the outstanding balance ...
9 T.C. 473 (1947), 8366, Estate of Thiele v. C. I. R.
...This amount, plus interest, was included in the wife's gross estate as an account receivable asset of her estate for Federal estate tax ... date under section 811(j) of the Internal Revenue Code) and deductions, as follows:. Gross estate Deductions . Real estate $51,750.00 ...
The American Taxpayer Relief Act Of 2012: Stealth Impact On Charities
...(b)(1)(E)(vi)), permitting favorable deductions for donating conservation interests in capital ...As before, if individuals' adjusted gross income exceeds a threshold amount, their itemized ...On the other hand, estate tax charitable deductions remain unlimited. ...
97 T.C. 327 (1991), 24320-90, Estate of Arthur M. Clayton v. C.I.R.
...Section 2051 defines the value of the taxable . estate as the gross estate less deductions. The issue in this case is whether an estate tax ...
169 F.2d 483 (1st Cir. 1948), 4281, Ross v. C.I.R.
... accounting, claimed, and was allowed, deductions for the full amount of all salaries paid and ... which provides, 'If the taxpayer omits from gross income an amount properly includible therein ...R. Co., 2 Cir., 1936, 86 F.2d 637; Estate of Myers, 1942, 1 T.C. 100, 111; Sugar Creek Coal ...
105 F.3d 1156 (7th Cir. 1997), 96-1366, Estate of Bowgren v. C.I.R.
... the transfer of those units but excluded their value from the gross estate. The Commissioner of Internal Revenue ("CIR") issued a notice of ...§ 2051 defines as the value of the gross estate less applicable deductions, of every decedent who is a citizen or resident of the United States is ...
101 T.C. 314 (1993), 22333-90, Estate of Hubert v. C.I.R.
...: (1) Whether the amounts of petitioner's marital and charitable deductions are limited to the amounts passing to the marital and charitable shares ... * * be determined by deducting from the value of the gross estate an amount equal to the value of any interest in property which ...
Estate must reduce its credit for tax on prior transfers.
... of the husband's estate could not be deducted from the widow's gross estate, since it was not a debt of that estate. . A decedent's estate tax ...'s taxable estate, which is the gross estate minus various deductions, which include a deduction for any debts of the estate and a marital ...
84 T.C. 859 (1985), 14363-82, Baldwin v. C.I.R
...The deductions have not been questioned by respondent and are ... . excludable from gross income, SUCH AS BENEFITS RECEIVED FROM THE SOCIAL ... Estate of Ruben v. Commissioner, 33 T.C. 1071, 1072 ...
716 F.2d 1241 (9th Cir. 1983), 81-7173, Elliotts, Inc. v. C.I.R.
...During its first year, it grossed $500,000 in agricultural equipment sales in the ... Revenue ("Commissioner") found these deductions to be in excess of the amounts Taxpayer properly ...Keller Street, 688 F.2d at 678; Estate of Skaggs v. Commissioner, 672 F.2d 756, 757 (9th ...
909 F.2d 915 (6th Cir. 1990), 89-1706, United States v. Walton
... an assessment on the disallowance of deductions, "placing the burden of proof on the taxpayer is ... (3) $35,000 as the selling price of real estate on Strathcona Drive, Detroit. We address each ... unless the error was so fundamental that gross injustice would result." C. Wright & A. Miller, ...
Tabe v. Commissioner of Internal Revenue, 110519 FEDTAX, 26975-17
... reported on Schedule A, Itemized Deductions, for 2013; (3). whether petitioner husband ... business, real estate, and immigration law. Petitioner. husband ... his law firm, and he reported $231, 648 in gross receipts on. his Schedule C less the ...
72 T.C. 521 (1979), 8669-74, Madison Gas and Electric Co. v. Commissioner of Internal Revenue
...Fair market value of two parcels of real estate contributed by petitioner to a charitable ... regulatory agency purposes, and such deductions have never been disallowed by respondent. ... include in his expenses and to deduct from gross income the total cost of such supplies and ...
95 T.C. 446 (1990), 5568-88, Estate of Doherty v. C.I.R.
...2001(b), which is equal to the value of the gross estate less deductions. Sec. 2051. Special use valuation of real property ...