Estate of Artall v. Comm'r. of Int'l. Rev., No. 09-60092

In the taxpayer's appeal from the tax court's approval of the IRS Commissioner's disallowance of a "qualified family-owned business interest" estate tax deduction to the taxpayer estate, the tax court's order is affirmed where the "qualified family-owned business interest" deduction of 26 U.S.C. section 2057 is available for an estate's qualifying equity or ownership interests but not for debt interests such as loans receivable.

Read Estate of Artall v. Comm'r. of Int'l. Rev., No. 09-60092

Appellate Information

Filed January 28, 2010

Judges

Opinion by Judge Smith