McGauley v. Commissioner

MANSFIELD, Circuit Judge:. Under § 2013 of the Internal Revenue Code of 1954,1 26 U.S.C. § 2013, a decedent’s estate is entitled to a tax credit for the amount of federal estate tax paid with respect to property transferred to the decedent from a person who died within a specified number of years before or after the death of the decedent. The purpose of the law is to alleviate the oppressiveness of successive taxation of a family’s property within a relatively short period of time. H.R.Rep. No.1337, 83d Cong., 2d Sess. 90 (1954); S.Rep.No.1622, 83d Cong., 2d Sess. 463 (1954), U.S.Code Cong. &…