gross estate deductions
314 U.S. 326 (1941), 34, Textile Mills Securities Corp. v. Commissioner of Internal Revenue
... based on the disallowance of certain deductions". . DOUGLAS, J., lead opinion. \xC2"... of Appeals for the Ninth Circuit (Lang's Estate v. Commissioner, 97 F.2d 867) as respects its ... are not entitled to deduct from gross income contributions or gifts which individuals ...
82 CBJ 249. DOMICILE, RESIDENCE AND CITIZENSHIP.
... income, assets, gifts and, ultimately, estates. This is also true. of people who may have ... exclusions, deductions, credits and who bears the tax burden. To some ... tax on property included in the gross estate at death; a possible problem where. ...
- 26 CFR 1.691(d)-1 - Amounts received by surviving annuitant under joint and survivor annuity contract
- 26 CFR 1.213-1 - Medical, dental, etc., expenses
28 T.C. 658 (1957), 58164, Courtney v. C.I.R.
... worth method in excess of 25 per cent of gross income stated on the returns. Held, the 5-year ..., reduced by all possible excessive deductions, exceeds 25 per cent of gross income stated on ... characterized as depreciation, see Estate of B. F. Whitaker, 27 T.C. 399, 405-406 (1956), ...
102 T.C. 790 (1994), 26044-91, E. Norman Peterson Marital Trust v. C.I.R.
... respect to the payment of certain Federal estate taxes). As a result, the Marital Trust assets ... of the trust property was included in her gross estate for Federal estate tax purposes in ... discrepancy is that no such expense deductions are permitted for direct skips, such as the ...
93 T.C. 672 (1989), 6935-73, Estate of Krock v. C.I.R.
...She reported all items of personal income and deductions to Mr. Krock's secretary, Joan Robbins, who furnished the information to ... there is a substantial understatement of tax attributable to grossly erroneous items of the other spouse; (3) that he or she did not know, and ...
119 T.C. 140 (T.C. 2002), 16028-99L, Hoffman v. Commissioner of Internal Revenue
... because, R asserts, the reference to " gross income stated in the return" in sec. ...-1, Partner's Share of Income, Credits, Deductions, etc., are not in the record. Respondent has a ...Sec. 6401(a); Estate of Michael v. United States, 173 F.3d 503 (4th ...
Transfer Tax Rules For The Non-Citizen Spouse
...citizen can create complex gift, estate and generation-skipping transfer tax challenges. ... a situs in the United States. Since the gross estate of such individuals is limited to U.S. ... against estate tax is restricted, and deductions from the gross estate must be allocated. Also, ...
369 U.S. 672 (1962), 224, Hanover Bank v. Commissioner
... their 1953 income tax returns to claim deductions for bond premiums computed with reference to the ... cases which originated in the Tax Court: Estate of Gourielli v. Commissioner, 33 T.C. 357, and ... SEC. 23. DEDUCTIONS FROM GROSS INCOME. . In computing net income there shall ...
- D.C. Mun. Regs. Tit. 9, § 3702 - COMPUTATION OF TAX
316 U.S. 394 (1942), 947, Magruder v. Supplee
... Where, in a sale of real estate, current taxes, which are a lien on the property ... . Notes:. 1 . Sec. 23. DEDUCTIONS FROM GROSS INCOME. In computing net income, ...
83 T.C. 542 (1984), 14759-81, Estate of Baron v. C.I.R.
...B claimed depreciation deductions based on the $90,000 cash and a $460,000 nonrecourse note, the second note ... note (at 6 percent interest), to be paid out of 10 percent of gross proceeds which Baron would be entitled to receive in respect of his rights ...
91 T.C. 874 (1988), 24351-84, Recklitis v. C.I.R.
... land sales was properly includible in gross income. HELD FURTHER, P failed to adequately ... fide loans which gave rise to bad debt deductions; (5) whether petitioner is liable for additions ... through refinancing the appreciated real estate of its subsidiaries. It simultaneously entered ...
309 U.S. 13 (1990), 229, Real Estate-Land Title & Trust Co. v. United States
...791, allows as a deduction from gross income a "reasonable allowance for the exhaustion, wear and tear of ... to the end of its normal useful life, so that depreciation deductions alone are insufficient to return the cost (or other basis) at the end of ...
- R.C. § 5731.14 - Determining taxable estate
748 F.2d 890 (4th Cir. 1984), 83-2014, Faulconer v. C.I.R.
... p 83,165, which disallowed certain tax deductions and credits attributable to their farming ... allows deductions only to the extent of gross income in an activity "not engaged in for ... the trust will terminate and the trust estate, including the real estate, will pass to the ...
343 U.S. 118 (1952), 173, Lykes v. United States
... was not entitled to deduct from his gross income, for federal income tax purposes, an ...342 U.S. 810. I. Deductions from an individual's taxable income are limited ... Congress allows a taxpayer to protect his estate, even against the Treasury. It seems to me a ...
88 T.C. 654 (1987), 23223-82, Metra Chem Corp. v. C.I.R.
...is entitled to deductions for the cost of items used by the company's ... The amount of gross commissions earned by a salesman was reduced by ...Estate of Lehr v. Commissioner, 18 T.C. 373, 380 (1952). ...
81 T.C. 184 (1983), 16079-80, Rice's Toyota World, Inc. v. C.I.R.
... is a highly successful business with annual gross" sales in excess of $14 million. \xC2"... years, petitioner could anticipate deductions for interest and depreciation expenses exceeding ... (see text accompanying footnotes 4 and 5, Estate of Franklin v. Commissioner, 544 F.2d 1045, ...
91 T.C. 371 (1988), 3969-81, Hulter v. C.I.R.
... genuine indebtedness; and (3) the real estate investment activities of the partnership were not ... cases for investors who were denied deductions for partnership losses relating to their ... a multiple of five times potential annual gross rental income, the property would be resold to ...
27 F.3d 763 (2nd Cir. 1994), 457, First Nationwide Bank v. Gelt Funding Corp.
... v. . GELT FUNDING CORP., Allen I. Gross, Ralph Herzka, Shimon . Eckstein, 505 Realty ... of a severe downturn in the New York real estate market, FNB phased out its commercial lending ...; but conclusions of law or unwarranted deductions of fact are not admitted." 2A Moore & Lucas, ...
Wealth Management Update - November 2014
... November Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and ... now calculated by determining the New York gross estate and subtracting certain deductions (which ...
78 T.C. 304 (1982), 15924-79, Habersham-Bey v. C.I.R
... is entitled to personal exemption deductions and credits for her two sons; she is entitled to ..., respondent determined that petitioner had gross income from wages in the amounts shown in table I ...Commissioner , 53 T.C. at 105; Estate of Brame v. Commissioner , 25 T.C. 824, 831-832 ...
311 U.S. 504 (1941), 49, Helvering v. Hammel
... foreclosure sale of an interest in real estate which he had acquired for profit held, in ...680, may be deducted in full from gross income for the purpose of arriving at taxable ..., that Congress intended to permit deductions in full of losses resulting from forced sales of ...