Legal Opinion
Guggenheim v. Rasquin
Supreme Court of the United States
Decided February 3, 1941No. 92PublishedCited by 160 opinions
1Opinion of the CourtJustice Douglas
It is provided in the Revenue Act of 1932 (47 Stat. 169, 248) that for gift-tax purposes the amount of a gift of property shall be “the value thereof at the date of the gift.” § 506. This controversy involves the question of whether such “value” in case of single-premium life insurance policies, which are irrevocably assigned simultaneously with issuance, is cost to the donor or cash-surrender value of the policies. The case is here on a petition for certiorari which we granted because of a conflict among the Circuit Courts of Appeals 1 as respects the proper method for valuation of such…
2Cases cited7 opinions
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- Lucas v. AlexanderSupreme Court of the United States · 1929
- Susquehanna Power Co. v. State Tax Comm'n of Md. (No. 1)Supreme Court of the United States · 1931
- Commissioner of Internal Revenue v. HainesCourt of Appeals for the Third Circuit · 1939
- United States v. RyersonCourt of Appeals for the Seventh Circuit · 1940
2 more not listed; retrieve them via the Exa API.
3Cited by160 opinions
- United States v. CartwrightSupreme Court of the United States · 1973
- Marie H. Hamm v. Commissioner of Internal Revenue, William Hamm, Jr. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Chiu v. CommissionerUnited States Tax Court · 1985
- Chester D. Tripp, Chester D. Tripp, Surviving Spouse Etc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1964
- Skripak v. CommissionerUnited States Tax Court · 1985
155 more not listed; retrieve them via the Exa API.