Estate of Hagmann v. Commissioner
United States Tax Court
At the time of his death, certain debts of the decedent constituted bona fide obligations of his estate. However, no claims were filed with respect to such debts against his estate, and such claims have not and will not be paid by the estate. Held, such claims are not deductible under sec. 2053(a)(3), I.R.C. 1954, in computing the net value of the estate.
1Opinion of the Court
Estate of Frank G. Hagmann, Deceased, Veronica E. Adshead, Executrix, Petitioner v. Commissioner of Internal Revenue, Respondent
Estate of Hagmann v. Commissioner
Docket No. 3769-71
United States Tax Court
60 T.C. 465; 1973 U.S. Tax Ct. LEXIS 103; 60 T.C. No. 51;
June 25, 1973, Filed
Decision will be entered for the respondent.
At the time of his death, certain debts of the decedent constituted bona fide obligations of his estate. However, no claims were filed with respect to such debts against his estate, and such claims have not and will not be paid by the estate. Held, such claims are not…
2Cases cited22 opinions
- Ithaca Trust Co. v. United StatesSupreme Court of the United States · 1929
- Helvering v. Safe Deposit & Trust Co. of BaltimoreSupreme Court of the United States · 1942
- Jacobs v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1929
- Estate of Hagmann v. CommissionerUnited States Tax Court · 1973
- Estate of Mary Redding Shedd, First National Bank of Arizona, Trustee v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1963
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