Buck v. Commissioner
United States Board of Tax Appeals
1. The value of the community interest of a wife, a resident of California, is includable in the gross estate of her deceased husband. 2. The petitioners not having proved that the value of past due notes owned by the decedent at the date of death was less than the value fixed by the Commissioner, the Commissioner's determination of value is sustained. 3. A claim against an estate, resisted by the estate and finally adjusted without cost to the estate, is not a legal…
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1. The value of the community interest of a wife, a resident of California, is includable in the gross estate of her deceased husband. 2. The petitioners not having proved that the value of past due notes owned by the decedent at the date of death was less than the value fixed by the Commissioner, the Commissioner's determination of value is sustained. 3. A claim against an estate, resisted by the estate and finally adjusted without cost to the estate, is not a legal deduction from the gross estate. Where the probate court allows a claim based upon an enforceable liability of the decedent,…
1Opinion of the Court
OPINION.
Smith:
These are proceedings for the redetermination of deficiencies as follows:
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The allegations of error stated in the petition in Docket No. 32584 are as follows:
1. The inclusion in the gross estate of John A. Buck of the community interest of his wife, Mary M. Buck.
2. The inclusion in the gross estate, at face value, of a worthless note receivable of Ronald C. Kennedy in the principal amount of $1,000, plus accrued interest to .date of death of $528.89, a total of $1,528.89.
3. The inclusion in the gross estate, at face value, of a promissory note of J. C. Freese in the…
2Cases cited8 opinions
- United States v. RobbinsSupreme Court of the United States · 1926
- Minifie v. RowleyCalifornia Supreme Court · 1921
- Gardiner v. RoyerCalifornia Supreme Court · 1914
- Barron v. KennedyCalifornia Supreme Court · 1861
- Bank of San Luis Obispo v. Pacific Coast Steamship Co.California Supreme Court · 1894
3 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Estate of Hagmann v. CommissionerUnited States Tax Court · 1973
- Buck v. CommissionerUnited States Board of Tax Appeals · 1932
- Estate of Hagmann v. CommissionerUnited States Tax Court · 1973