gross estate deductions
302 U.S. 517 (1938), 48, United States v. Andrews
...estate she represented, paid the income tax shown to be ... by her return, which exhibited an item of gross income of $110,891 as "dividends from domestic ..., that the taxpayer was entitled to deductions not taken or granted. On the contrary, it pointed ...
965 F.2d 1038 (11th Cir. 1992), 91-7318, Estate of Wallace v. C.I.R.
... this special tax rule to prepay farm expenses and take large deductions against nonfarm income in the first year, and in subsequent years, of a ... cattle feed to be used in future years, lowering his adjusted gross income to $654,000. In 1983, Wallace earned in excess of $2,800,000 in ...
79 T.C. 995 (1982), 12543-80, Stephenson v. C.I.R.
... to any charitable contribution deductions and could not claim personal exemption deductions ... this same amount as an adjustment to gross income, resulting in adjusted gross income of ..., in which third parties transferred real estate in Chelsea to petitioner and his wife. The . . ...
- 26 CFR 1.170a-1 - Charitable, etc., contributions and gifts; allowance of deduction
91 T.C. 838 (1988), 1132-85, Levy v. C.I.R.
... out of respondent's disallowance of deductions claimed on petitioners' Federal income tax ...It had gross revenues in that year in excess of $600 million, ... a publicly held computer leasing and real estate corporation, and he has served as an officer and ...
296 U.S. 404 (1935), 8, Colgate v. Harvey
... by promissory notes, mortgages on real estate, or bonds for deeds. Residents whose income is ..., the taxpayer, because of allowable deductions from gross income, paid no tax upon the latter ...
281 F.2d 100 (9th Cir. 1960), 16326, Factor v. C.I.R.
... None . . . . Unallowable deductions and additional income: . . . (a). Interest ... sufficient to establish the amount of his gross income or deductions.'. . ...See also, Estate of Ferber, 1954, 22 T.C. 261; Pool v. C.I.R., 9 ...
79 T.C. 714 (1982), 8572-80, Zmuda v. C.I.R.
...Petitioners transferred real estate contracts and deeds of trust on real estate ... substantiated and are allowable deductions. Respondent also concedes that the $840 claimed ... by Buena] is includible in [petitioners'] gross income in accordance with section 61(a)(4) of the ...
524 F.2d 617 (7th Cir. 1975), 74-1989, Quinn v. C. I. R.
...Title to the real estate occupied and leased by Beverly was in a bank as ... held that a taxpayer need not include in gross income amounts received during a taxable year if ... the general rule on the timing of deductions when repayment of funds received under a claim of ...
285 U.S. 136 (1932), 426, Burnet v. Leininger
... which she received from her separate estate. For that which thus belonged to her, the Court ... year stating specifically the items of its gross income and the deductions allowed by this title, ...
110 T.C. 189 (T.C. 1998), 1477-93, Martin Ice Cream Co. v. Commissioner of Internal Revenue
... of small independent stores with higher gross profits carried less risk. Martin was concerned .... See, e.g., Estate of Taracido v. Commissioner, 72 T.C. 1014, 1023 ... . (2) the deductions allowed by part VIII of subchapter B (other than ...
86 T.C. 360 (1986), 4524-82, Abramson v. C.I.R.
... current expense and depreciation deductions. Issues related to this matter were severed and ... in connection with acquisition of real estate by partnerships. He stated that to his knowledge ... and 40 percent to Surhill; and on gross receipts in excess of $1,500000, 50 percent to ...
148 T.C. 392 (T.C. 2017), 24703-12, Estate of Powell v. Commissioner of Internal Revenue
... is includible in the value of decedents gross estate under. section 2038(a); 2 (2) the value of those same ... applicable deductions. Section 2031(a) specifies that the. value of the gross estate ...
- 26 CFR 53.4940-1 - Excise tax on net investment income
- 26 CFR 1.212-1 - Nontrade or nonbusiness expenses
74 T.C. 743 (1980), 3958-79, Graff v. C.I.R.
... reduction payments are includable in P's gross income, and he is entitled to deduct the interest ... receive the benefit of the interest deductions without a corresponding inclusion in his income. ...Commissioner, 74 T.C. 29 (1980); Estate of Kearns v. Commissioner, 73 T.C. 1223 (1980); ...
802 F.2d 365 (9th Cir. 1986), 85-7053, Betson v. C.I.R.
... appeal the Tax Court's disallowance of deductions for 1970-1972 claimed under I.R.C. Secs. 162, ... bank accounts were in Bethinol's name, and gross receipts from all stores were deposited in these ... claims from shareholder's personal estate). Betson's last theory under ...
465 F.2d 299 (7th Cir. 1972), 71-1084, Plunkett v. C. I. R.
... and deducted that amount from his estimated gross receipts or else he had deducted the total ... . Plunkett's income, expenses and deductions for 1958 through 1963. 4. ...See Estate of W. Y. Brame v. Commissioner of Internal ...
- 26 CFR 1.199-5 - Application of section 199 to pass-thru entities for taxable years beginning after May 17, 2006, the enactment date of the Tax Increase Prevention and Reconciliation Act of 2005
757 F.2d 1208 (11th Cir. 1985), 83-5569, Anselmo v. C.I.R.
... . on charitable deductions, the Anselmos limited the amount of their 1977 ...The Anselmos argue that the estate and gift tax treasury regulations defining fair ... of property includable in the decedent's gross estate is not to be determined by a forced sale ...
Estate tax or carryover basis? Practitioners must weigh the better option for estates of decedents who died in 2010.
... the property, its type, the estate tax marital and charitable deductions, and state death taxes. . ********** . [ILLUSTRATION OMITTED] . For ...To do so, especially for valuations of gross estates above the new $5 million exclusion, they must take many factors ...
636 F.3d 235 (6th Cir. 2011), 09-5914, Poplar Creek Development Co. v. Chesapeake Appalachia, L.L.C.
... well." Poplar Creek alleges that these deductions are improper, and that the terms of the lease and ..., e.g., Schroeder, 565 N.W.2d at 894 (" gross proceeds at the wellhead" contemplates the ... See Estate...
258 F.3d 1265 (11th Cir. 2001), 00-11663, O'Neal v United States
...2001) . ELIZABETH PARAMORE O'NEAL, Estate of, deceased, ELIZABETH O'NEAL SHANNON, Personal ... these unauthorized transfers, and that her gross estate should be increased by the same amount. . ... as the value of the gross estate minus deductions allowable by statute. 26 U.S.C. § 2051. For ...
100 T.C. 407 (1993), 24321-90, Estate of Cavenaugh v. C.I.R.
...gross estate of Herbert R. Cavenaugh (Dr. Cavenaugh) property that passed to him ... 2051 defines the taxable estate as the gross estate less deductions. Included in the gross estate is any property in which the decedent had a ...
75 T.C. 1 (1980), 5260-76, Grosshandler v. C.I.R.
... of time during late 1969 when petitioner was employed by the real estate development company of Kaufman & Broad Homes, Inc., he was actively ..., the petitioner had the following amounts of allowable itemized deductions:. Allowable . Year itemized deductions . . ...