Legal Opinion
Evelyn Z. Levin v. United States
Court of Appeals for the First Circuit
Decided February 27, 1967No. 6783PublishedCited by 12 opinions
1Opinion of the Court
COFFIN, Circuit Judge.
This appeal raises the question whether, if the fair market value of a mortgage note at the time of the mortgagee’s death is greater than the amount of unpaid principal, the mortgagee’s estate, after including the fair market value in the gross estate upon which the federal estate tax is paid, may treat that value as its presumptive basis and treat as taxable income only the difference between the total amount thereafter received in payment and that basis. Although the case actually involves several notes with varying terms and a determination of income tax over three…
2Cases cited6 opinions
- Commissioner of Internal Revenue v. LindeCourt of Appeals for the Ninth Circuit · 1954
- Louis F. Grill and Joan Myers Grill, and Joan Myers (Formerly Joan Selznick) v. The United States. Florence A. Selznick v. The United StatesUnited States Court of Claims · 1962
- Estate of Helen Davison, Deceased, First National Bank of Arizona v. United StatesCourt of Appeals for the First Circuit · 1961
- Estate of Charles A. Riegelman, Deceased, William I. Riegelman, Carol R. Lubin and Arthur L. Strasser, Executors v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1958
- United States v. Catherine H. EllisCourt of Appeals for the Second Circuit · 1959
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Janis v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 2006
- Estate of Noel v. CommissionerUnited States Tax Court · 1968
- Estate of Backemeyer v. Comm'rUnited States Tax Court · 2016
- Estate of Bessie I. Mueller, John S. Mueller, Personal Representative v. CommissionerUnited States Tax Court · 1996
- Estate of Mueller v. CommissionerUnited States Tax Court · 1996
7 more not listed; retrieve them via the Exa API.