United States Ninth Circuit
Estate of Saunders v. Commissioner of Internal Revenue, 12-70323
The tax court's decision disallowing plaintiff-estate's $30 million deduction for a lawsuit that was disputed at the date of the decedent's death, is affirmed, where, because the estimated value of the claim at the time of decedent's death was not ascertainable with reasonable certainty, the tax court properly upheld the Commissioner's disallowance of the $30 million deduction, but allowed a deduction in the amount for which the claim ultimately settled.
Appellate Information
- Decided 03/12/2014
- Published 03/12/2014
Judges
- SMITH
Court
- United States Ninth Circuit