Legal Opinion
Taft v. Commissioner
Supreme Court of the United States
Decided May 23, 1938No. 746PublishedCited by 119 opinions
1Opinion of the CourtJustice Roberts
The question presented is whether the petitioner, as executor, may deduct from the gross estate amounts payable pursuant to the decedent’s binding promises as claims against the estate incurred bona fide and for an adequate and full consideration in money or money’s worth within the meaning of § 303 (a) (1)-, or as transfers to charitable or educational institutions under § 303 (a) (3), of the Revenue Act of 1926. The deductions were of amounts owing at the decedent’s death upon the following contractual obligations. .
By letter the decedent agreed with the University of Cincinnati to…
2Cases cited11 opinions
- Porter v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1932
- Ferguson v. DicksonCourt of Appeals for the Third Circuit · 1924
- Carney v. BenzCourt of Appeals for the First Circuit · 1937
- Commissioner of Internal Revenue v. Bryn Mawr Trust Co.Court of Appeals for the Third Circuit · 1936
- Glaser v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1934
6 more not listed; retrieve them via the Exa API.
3Cited by119 opinions
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
- Armstrong Paint & Varnish Works v. Nu-Enamel Corp.Supreme Court of the United States · 1938
- Merchants Nat. Bank of Boston v. CommissionerSupreme Court of the United States · 1943
- Merrill v. FahsSupreme Court of the United States · 1945
- Commissioner v. MunterSupreme Court of the United States · 1947
114 more not listed; retrieve them via the Exa API.