Loetscher v. Commissioner
United States Board of Tax Appeals
1. Certain gifts made by decedent within two years of his death held to have been made in contemplation of death. 2. Value of certain assets at the date of decedent's death determined. 3. In computing the net estate of a decedent subject to estate tax, deductions should be allowed for such charges, such as commissions, expenses and attorney's fees as will ultimately be allowed by the laws of the jurisdiction under which the estate is being administered, whether or not such…
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1. Certain gifts made by decedent within two years of his death held to have been made in contemplation of death. 2. Value of certain assets at the date of decedent's death determined. 3. In computing the net estate of a decedent subject to estate tax, deductions should be allowed for such charges, such as commissions, expenses and attorney's fees as will ultimately be allowed by the laws of the jurisdiction under which the estate is being administered, whether or not such amounts have been allowed by order of court or paid at the time of the hearing before the Board. Samuel E. A. Stern,2…
1Opinion of the Court
JOHN A. LOETSCHER ET AL., EXECUTORS OF CHRISTIAN LOETSCHER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Loetscher v. Commissioner
Docket No. 14325.
United States Board of Tax Appeals
14 B.T.A. 228; 1928 BTA LEXIS 2999;
November 15, 1928, Promulgated
1. Certain gifts made by decedent within two years of his death held to have been made in contemplation of death.
2. Value of certain assets at the date of decedent's death determined.
3. In computing the net estate of a decedent subject to estate tax, deductions should be allowed for such charges, such as commissions, expenses and…
2Cases cited2 opinions
- Loetscher v. CommissionerUnited States Board of Tax Appeals · 1928
- Stern v. CommissionerUnited States Board of Tax Appeals · 1925