Thomas A. Connelly, as Executor of the Estate of Michael P. Connelly, Sr., Petitioner v. Internal Revenue Service

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Case Number:

23-146

Court:

Supreme Court

Nature of Suit:

2870 Tax Suits

Firms

  1. August 17, 2023

    Justices Asked To Review Tax On $3M Life Insurance Payout

    The estate of a man who died and left behind a life insurance policy allowing his family business to purchase his shares told the U.S. Supreme Court the estate was wrongly required to pay tax on the $3 million payout under an Eighth Circuit decision.