Estate of Owen v. Commissioner
United States Tax Court
Decedent died on Oct. 2, 1986. Decedent made gifts in 1984 and before death in 1986. Petitioner paid Kansas State inheritance tax on account of substantially all of these gifts. After decedent's death, there were found in his car checks that had been written by him during the 2 weeks before his death.
Read the full summary
Decedent died on Oct. 2, 1986. Decedent made gifts in 1984 and before death in 1986. Petitioner paid Kansas State inheritance tax on account of substantially all of these gifts. After decedent's death, there were found in his car checks that had been written by him during the 2 weeks before his death. Petitioner underreported the value of two bank accounts on its Federal estate tax return by the amount of these checks. 1. Held, the underreporting of the value of a bank account can be a valuation understatement within the meaning of sec. 6660, I.R.C. 1954. 2. Held, further, petitioner is not…
1Opinion of the Court
Estate of Jack Brown Owen, Deceased, Mary Ann Heyen, Executrix, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Owen v. Commissioner
Docket No. 13004-90
United States Tax Court
104 T.C. 498; 1995 U.S. Tax Ct. LEXIS 25; 104 T.C. No. 25;
April 20, 1995, Filed
Decision will be entered under Rule 155.
Decedent died on Oct. 2, 1986. Decedent made gifts in 1984 and before death in 1986. Petitioner paid Kansas State inheritance tax on account of substantially all of these gifts. After decedent's death, there were found in his car checks that had been written by him during the 2 weeks…
2Cases cited21 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
- Pallottini v. CommissionerUnited States Tax Court · 1988
- Commissioner v. Keystone Consolidated Industries, Inc.Supreme Court of the United States · 1993
- United States v. Olympic Radio & Television, Inc.Supreme Court of the United States · 1955
16 more not listed; retrieve them via the Exa API.