Legal Opinion
Lucille Prussner, as of the Estate of Aileen E. Pfeifer v. United States
Court of Appeals for the Seventh Circuit
Decided February 15, 1990No. 88-1933PublishedCited by 64 opinions
1Opinion of the Court
POSNER, Circuit Judge.
Since 1976, heirs to family farms and other family businesses have been permitted, for purposes of the estate tax, to elect to value the assets of the farm or business in their current use, rather than being required, like other heirs, to value the assets at their commercially most lucrative use. 26 U.S.C. § 2032A; Martin v. Commissioner, 783 F.2d 81 (7th Cir.1986). The requirements for electing this “qualified use” or “special use” or “current use” valuation (all three terms are in circulation) are complex. The Internal Revenue Service, regarding lenient treatment of…
2Cases cited34 opinions
- United States v. BoyleSupreme Court of the United States · 1985
- United States v. LockeSupreme Court of the United States · 1985
- Green v. Bock Laundry MacHine Co.Supreme Court of the United States · 1989
- J. E. Riley Investment Co. v. CommissionerSupreme Court of the United States · 1940
- Secretary of Labor, United States Department of Labor v. Michael Lauritzen and Marilyn Lauritzen, Individually and Doing Business as Lauritzen FarmsCourt of Appeals for the Seventh Circuit · 1988
29 more not listed; retrieve them via the Exa API.
3Cited by64 opinions
- Dee Farmer v. Richard Haas, Edward J. Brennan, and L.E. DuboisCourt of Appeals for the Seventh Circuit · 1993
- United States v. Carolyn Kay PoffCourt of Appeals for the Seventh Circuit · 1991
- In the Matter of William J. Stoecker, Debtor. Appeal of Thomas E. Raleigh, as Chapter 7 Trustee for the Estate of William J. StoeckerCourt of Appeals for the Seventh Circuit · 1993
- Continental Can Company, Inc. v. Chicago Truck Drivers, Helpers and Warehouse Workers Union (Independent) Pension FundCourt of Appeals for the Seventh Circuit · 1990
- Baccei v. United StatesCourt of Appeals for the Ninth Circuit · 2011
59 more not listed; retrieve them via the Exa API.