Don't want ads? Subscribe or login now.

Justices Affirm Taxing Of Estate On Insurance Payout

By Anna Scott Farrell · June 6, 2024, 10:29 AM EDT

The U.S. Supreme Court affirmed on Thursday a decision denying a tax refund to the estate of an owner of a building materials company that used a payout from his $3.5...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Opinion

Case Information

Case Title

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

Case Number

23-146

Court

Supreme Court

Nature of Suit

2870 Tax Suits

Date Filed

August 16, 2023

Recent Articles By Anna

April 30, 2024
Attys, Broker Can't Escape $4M Tax Fraud Convictions
April 23, 2024
Feds Want About 3 Years In Prison For LA Bank Embezzler
April 10, 2024
Feds Cleared To Use Undercover Recording In Atty's Tax Trial
March 27, 2024
Justices Grapple With Complex $3M Estate Tax Dispute
March 26, 2024
$4.5M Microcaptive Insurance Deduction Nixed By Tax Court
March 15, 2024
Justices Told Estate Incorrectly Taxed On Insurance Payout
March 01, 2024
Exec's Captive Insurance Case Headed To Trial
February 26, 2024
Estate Correctly Taxed On Insurance Payout, Justices Told
January 24, 2024
IRS Wrongly Taxed Insurance Payout, Estate Tells Justices
January 11, 2024
Judge Upholds IRS Guidance On Abusive Benefit Trusts