Buckwalter v. Commissioner
United States Tax Court
1. Unamortized portion of amount owed by decedent's son to decedent in a certain loan transaction held to be an interest in property owned by decedent at the time of his death and therefore includable in his gross estate. Sec. 2033, I.R.C. 1954. 2. Certain remainder bequests to charity held not deductible because the possibility that such gifts might not in fact be paid over to the charities was not so remote as to be negligible.
1Opinion of the Court
Estate of Abraham L. Buckwalter, Deceased, Joseph A. Buckwalter, Abraham L. Buckwalter, Jr., and the First Pennsylvania Banking and Trust Company, Executors, Petitioner, v. Commissioner of Internal Revenue, Respondent
Buckwalter v. Commissioner
Docket No. 4313-64
United States Tax Court
46 T.C. 805; 1966 U.S. Tax Ct. LEXIS 40;
September 29, 1966, Filed
Decision will be entered for the respondent.
1. Unamortized portion of amount owed by decedent's son to decedent in a certain loan transaction held to be an interest in property owned by decedent at the time of his death and therefore includable in…
2Cases cited10 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Henslee v. Union Planters National Bank & Trust Co.Supreme Court of the United States · 1949
- Merchants Nat. Bank of Boston v. CommissionerSupreme Court of the United States · 1943
- Newton Trust Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1947
- United States v. Bertha DeanCourt of Appeals for the First Circuit · 1955
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