LeFever v. Commissioner
United States Tax Court
Ps as heirs of D received parcels of farmland from D's estate. For estate tax purposes, D's estate elected to specially value the farmland under sec. 2032A(a), I.R.C. As a condition precedent to the election, sec. 2032A(a), I.R.C., requires all persons having an interest in the property subject to the election to enter into an agreement described in sec. 2032A(d), I.R.C. Ps executed the written agreements described in sec. 2032A(d), I.R.C.
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Ps as heirs of D received parcels of farmland from D's estate. For estate tax purposes, D's estate elected to specially value the farmland under sec. 2032A(a), I.R.C. As a condition precedent to the election, sec. 2032A(a), I.R.C., requires all persons having an interest in the property subject to the election to enter into an agreement described in sec. 2032A(d), I.R.C. Ps executed the written agreements described in sec. 2032A(d), I.R.C. In the agreements, Ps (1) asserted that the land was qualified real property and that they were qualified heirs of D, (2) consented to the election to…
1Opinion of the Court
William LeFever, Qualified Heir-Transferee of the Assets of the Estate of Blanche Knollenberg, and Betty Lou LeFever, Qualified Heir-Transferee of the Assets of the Estate of Blanche Knollenberg, Petitioners v. Commissioner of Internal Revenue, Respondent
LeFever v. Commissioner
Docket No. 19915-92
United States Tax Court
103 T.C. 525; 1994 U.S. Tax Ct. LEXIS 75; 103 T.C. No. 31;
October 26, 1994, Filed
Decision will be entered for respondent as to the deficiency in the amount of $ 38,154.33 with respect to petitioner William LeFever and in a reduced amount to be determined under Rule 155 with…
2Cases cited31 opinions
- Burnet v. Commonwealth Improvement Co.Supreme Court of the United States · 1932
- Commissioner v. DanielsonCourt of Appeals for the Third Circuit · 1967
- Danielson v. CommissionerUnited States Tax Court · 1965
- Ullman v. CommissionerCourt of Appeals for the Second Circuit · 1959
- Southern Pacific Transp. Co. v. CommissionerUnited States Tax Court · 1980
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