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Supreme Court Rules Against Taxpayer in Connelly v. U.S. Estate Tax Case | ThinkAdvisor
ThinkAdvisor· 3 days agoThe U.S. Supreme Court ruled 9-0 Monday against an estate in a case involving use of life insurance...
Supreme Court Upholds Connelly: What It Means For Business Owners
Forbes· 4 days agoConnelly v. United States affects the valuation of a small, family-owned business owning life...
Supreme Court Decides Connelly v. United States | JD Supra
JD Supra· 3 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 ...
Supreme Court Upholds Estate’s Tax Bill for Undervaluing Stocks
Bloomberg Law· 4 days agoThe US Supreme Court denied a major tax benefit to estates on Thursday, ruling that $3 million in life-insurance proceeds earmarked by a company to redeem a decedent’s stock must be included ...
High Court’s Estate Tax Refund Denial Shuts Down Avoidance Method
Bloomberg Law· 3 days agoIn Connelly v. United States, the US Supreme Court resolved a circuit split on how to value a decedent’s interest in a closely held corporation in cases ...
Court sides with IRS on tax of shareholders’ life-insurance policies - SCOTUSblog
SCOTUSblog· 3 days agoJustice Clarence Thomas’s opinion for a unanimous court on Thursday in Connelly v. Internal Revenue...
Supreme Court Confirms Life Insurance Proceeds Received by Corporation Increase Estate Tax Value of...
JD Supra· 3 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 ...
Justices Stick Estate With High Tax Bill Over Life Insurance Policy | National Law Journal
Law.com· 3 days agoJustice Clarence Thomas wrote court’s opinion in Connelly v. U.S., which held that a life insurance...
Supreme Court Backs IRS In Corporate Redemption Estate Tax Case
Forbes· 4 days agoClosely held corporations often enter into agreements to redeem a shareholder's stock after death to...
Announcement of opinions for Thursday, June 6 (complete) - SCOTUSblog
SCOTUSblog· 4 days agoWe live blogged as the court released three opinions in argued cases from the current term. In Truck Insurance Exchange v. Kaiser Gypsum Co. the court held that an insurer ...