Legal Opinion
Estate of Frederick Carl Gloeckner, Deceased, Joseph A. Simone, and Douglas Dillon v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided August 18, 1998No. Docket 97-4007PublishedCited by 12 opinions
1Opinion of the Court
CARDAMONE, Circuit Judge:
This appeal is brought by petitioners, who are the executors of the estate of Frederick Carl Gloeckner. The Commissioner of Internal Revenue, in reviewing the estate tax return for decedent Gloeckner, assigned a greater value than that which was claimed for shares of stock Gloeckner owned in a closely-held corporation he had founded. Petitioners reported the value of these shares to be the value set forth in a redemption agreement between decedent and his company. The Commissioner disagreed and in stead assessed a tax deficiency of $2,951,-936.96.
Upon receiving the…
2Cases cited15 opinions
- Janice Silverman v. Eastrich Multiple Investor Fund, L.PCourt of Appeals for the Third Circuit · 1995
- United States v. LandCourt of Appeals for the Fifth Circuit · 1962
- Wilson v. BowersCourt of Appeals for the Second Circuit · 1932
- Lomb v. SugdenCourt of Appeals for the Second Circuit · 1936
- St. Louis County Bank, of the Estate of Lee J. Sloan, Deceased v. United StatesCourt of Appeals for the Eighth Circuit · 1982
10 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- United States v. Gurmeet Singh DhinsaCourt of Appeals for the Second Circuit · 2001
- Estate of True v. CommissionerCourt of Appeals for the Tenth Circuit · 2004
- Texasgulf, Inc., and Subsidiaries, as Successor in Interest to Texasgulf, Inc. And Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1999
- Cinema '84 v. CommissionerCourt of Appeals for the Second Circuit · 2002
- Cinema '84 v. Commissioner Of Internal RevenueCourt of Appeals for the First Circuit · 2002
7 more not listed; retrieve them via the Exa API.