Fuchs v. Commissioner
United States Tax Court
Held, insurance proceeds from an accidental death insurance policy not includable in decedent's gross estate because he lacked "incidents of ownership" in said policy within the meaning of sec. 2042, 1954 Code.
1Opinion of the Court
Fat, Judge:
Respondent determined a deficiency in estate tax in the amount of $17,734.53.
Petitioner has not raised issue with respect to certain items in respondent’s notice of deficiency. The issue for decision is whether respondent erred in including in the gross estate of Bert L. Fuchs the amount of $100,000, which represented the combined proceeds of two policies of accident insurance paid to two beneficiaries named in the policies, after his death.
FINDINGS OF. FACT
Some of the facts are stipulated ¡and as stipulated are so found.
Bert ¡L. Fuchs (hereinafter referred to 'as decedent) died…
2Cases cited11 opinions
- Commissioner v. Estate of NoelSupreme Court of the United States · 1965
- United States v. Rhode Island Hospital Trust CompanyCourt of Appeals for the First Circuit · 1966
- National Metropolitan Bank v. United StatesUnited States Court of Claims · 1950
- Schongalla v. HickeyCourt of Appeals for the Second Circuit · 1945
- MacDonald v. Conservative Life Ins.Michigan Supreme Court · 1940
6 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Schwager v. CommissionerUnited States Tax Court · 1975
- Estate of John J. Connelly, Sr. (Deceased) and Ellen C. King v. United StatesCourt of Appeals for the Third Circuit · 1977
- Fruehauf v. CommissionerUnited States Tax Court · 1968
- Estate of Fruehauf v. CommissionerCourt of Appeals for the Sixth Circuit · 1970
- Estate of Skifter v. CommissionerUnited States Tax Court · 1971
17 more not listed; retrieve them via the Exa API.