Legal Opinion
Lester H. Krabbenhoft Anna Krabbenhoft v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided August 9, 1991No. 90-2876PublishedCited by 7 opinions
1Opinion of the Court
MAGILL, Circuit Judge.
Lester and Anna Krabbenhoft appeal the Tax Court’s1 decision affirming the Commissioner’s assessment of gift tax liability against each of them. The Krabbenhofts challenge on appeal the Tax Court’s determination that 26 U.S.C. § 483’s “safe harbor” interest rate does not apply to the *530valuation of a contract for purposes of determining gift tax liability, and that court’s holding that the interest rate the Commissioner used to value the contract at issue was proper. We affirm.
I
On June 29, 1981, the Krabbenhofts, Minnesota farmers, transferred land to their sons by means…
2Cases cited13 opinions
- Walter F. Vorbleski and Florence Vorbleski v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1978
- Catterall v. CommissionerUnited States Tax Court · 1977
- Eleanor M. Ballard v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1988
- Jeffers v. United StatesUnited States Court of Claims · 1977
- Sidney R. Solomon and Beatrice Solomon v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1977
8 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Frazee v. CommissionerUnited States Tax Court · 1992
- Alma M. O'Reilly v. Commissioner of Internal Revenue, Charles H. O'reilly, Sr. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1992
- Charles Schusterman and Lynn N. Schusterman v. United StatesCourt of Appeals for the Tenth Circuit · 1995
- Frazee v. CommissionerUnited States Tax Court · 1992
- Lester H. Krabbenhoft Anna Krabbenhoft v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1991
2 more not listed; retrieve them via the Exa API.