Legal Opinion
United States v. Cartwright
Supreme Court of the United States
Decided May 7, 1973No. 71-1665PublishedCited by 595 opinions
1Opinion of the CourtJustice White
The Internal Revenue Code of 1954 requires that, for estate tax purposes, the “value” of all property held by a decedent at the time of death be included in the gross estate. 26 U. S. C. § 2031. By regulation, the Secretary of the Treasury has determined that shares in open-end investment companies, or mutual funds, are to be valued at their public offering price or “asked” price at the date *547of death. Treas. Reg. on Estate Tax § 20.2031-8 (b) (1963). The question this case presents is whether that determination is reasonable in the context of the market for mutual fund shares.
At the time of…
2Cases cited15 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- United States v. CorrellSupreme Court of the United States · 1967
- Bingler v. JohnsonSupreme Court of the United States · 1969
- United States v. RyersonSupreme Court of the United States · 1941
- Guggenheim v. RasquinSupreme Court of the United States · 1941
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3Cited by595 opinions
- National Muffler Dealers Assn., Inc. v. United StatesSupreme Court of the United States · 1979
- United States v. Vogel Fertilizer Co.Supreme Court of the United States · 1982
- The Sommers Drug Stores Co. Employee Profit Sharing Trust, Cross-Appellant v. Corrigan Enterprises, Inc. And Walter N. Corrigan, Cross-AppelleesCourt of Appeals for the Fifth Circuit · 1986
- United States v. National Association of Securities Dealers, Inc.Supreme Court of the United States · 1975
- Commissioner v. EngleSupreme Court of the United States · 1984
590 more not listed; retrieve them via the Exa API.