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Supreme Court Backs IRS In Corporate Redemption Estate Tax Case
Forbes· 3 days agoClosely held corporations often enter into agreements to redeem a shareholder's stock after death to...
Supreme Court Upholds Estate’s Tax Bill for Undervaluing Stocks
Bloomberg Law· 3 days agoThe US Supreme Court denied a major tax benefit to estates on Thursday, ruling that $3 million in life-insurance proceeds ...
Supreme Court Confirms Life Insurance Proceeds Received by Corporation Increase Estate Tax Value of...
JD Supra· 2 days agoThe June 6 unanimous ruling by the United States Supreme Court in Connelly v. United States creates a significant change for closely held businesses planning ...
Supreme Court Rules Against Taxpayer in Connelly v. U.S. Estate Tax Case | ThinkAdvisor
ThinkAdvisor· 2 days agoThe U.S. Supreme Court ruled 9-0 Monday against an estate in a case involving use of life insurance...
High Court Estate Tax Ruling Forces Succession Planning Revamps
Bloomberg Law· 2 days agoEstate lawyers will have to reevaluate their options for reducing taxes for family businesses...
Supreme Court Decides Connelly v. United States | JD Supra
JD Supra· 2 days agoOn June 6, 2024, the Supreme Court of the United States decided Connelly v. United States, No. 23-146, holding that a corporation’s contractual obligation ...
IRS can tax death benefits used to purchase stocks, high court rules
Courthouse News Service· 3 days agoThe government can claim more in estate taxes from certain stock handoffs after a shareholder dies...
Justices Stick Estate With High Tax Bill Over Life Insurance Policy | National Law Journal
Law.com· 2 days agoA unanimous U.S. Supreme Court on Thursday sided with the Internal Revenue Service in a dispute over...
'Utterly despicable': Clarence Thomas ripped after disclosing billionaire-funded Bali trip
The Raw Story· 2 days agoOutrage erupted Friday over Supreme Court Justice Clarence Thomas's latest financial disclosure...
Supreme Court Upholds Connelly: What It Means For Business Owners
Forbes· 3 days agoConnelly v. United States affects the valuation of a small, family-owned business owning life...