Estate of Reeves v. Commissioner
United States Tax Court
Decedent owned 511,160 shares of Realtron stock. The value of the shares was included when valuing the gross estate and was included in determining the value of the residue which qualified for the marital deduction pursuant to sec. 2056, I.R.C. The shares formed part of the decedent's general estate out of which the marital bequest could be satisfied.
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Decedent owned 511,160 shares of Realtron stock. The value of the shares was included when valuing the gross estate and was included in determining the value of the residue which qualified for the marital deduction pursuant to sec. 2056, I.R.C. The shares formed part of the decedent's general estate out of which the marital bequest could be satisfied. The executors of decedent's estate sold the Realtron shares to the Realtron Employees' Stock Ownership Plan, qualifying the estate for a deduction of 50 percent of the proceeds pursuant to sec. 2057, I.R.C. Held: The marital deduction must be…
1Opinion of the Court
ESTATE OF HAZARD E. REEVES, DECEASED, ALEXANDER G. REEVES, HARRY MILLER, AND THE BANK OF NEW YORK, CO-EXECUTORS, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Estate of Reeves v. Commissioner
Docket No. 28208-90
United States Tax Court
100 T.C. 427; 1993 U.S. Tax Ct. LEXIS 28; 100 T.C. No. 28;
May 17, 1993, Filed; As Corrected May 27, 1993
Decision will be entered under Rule 155.
Decedent owned 511,160 shares of Realtron stock. The value of the shares was included when valuing the gross estate and was included in determining the value of the residue which qualified for the marital…
2Cases cited18 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
- Barr v. United StatesSupreme Court of the United States · 1945
- United States v. Skelly Oil Co.Supreme Court of the United States · 1969
- Charles Ilfeld Co. v. HernandezSupreme Court of the United States · 1934
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