Legal Opinion
Waterman's Estate v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided March 5, 1952No. 95, Docket 22101PublishedCited by 8 opinions
1Opinion of the Court
CHASE, Circuit Judge.
When Frank D. Waterman died in 1938, he left as part of his estate, of which Frank S. Waterman is the sole surviving executor and the petitioner herein, a non-interest bearing bill of exchange for ten thousand pounds signed by L. G. Sloan, Ltd., of London, England. That bill of exchange was valued for estate tax purposes at $46,806.-94.
In 1945, the obligation was paid by depositing ten thousand pounds to the credit of the petitioner in a London bank where it was held throughout 1945, because of currency restrictions of the British government, in a blocked sterling…
2Cases cited6 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Eder v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1943
- Herbert's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1943
- Hatch v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1951
- Helvering v. RothCourt of Appeals for the Second Circuit · 1940
1 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Estate of Ferber v. CommissionerUnited States Tax Court · 1954
- Ferdinand Cinelli and Sarah M. Cinelli v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1974
- Kvp Sutherland Paper Company v. The United StatesUnited States Court of Claims · 1965
- Hazel M. Biewer, Administratrix of the Estate of John A. Biewer, Deceased v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1965
- MacDonald v. United StatesDistrict Court, D. Massachusetts · 1956
3 more not listed; retrieve them via the Exa API.