Eighth Circuit Affirms Tax Court on Valuation of Disclaimed Inheritance

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The U.S. Court of Appeals for the Eighth Circuit affirms, in Estate of Christiansen v. Commissioner, a U.S. Tax Court finding that, after an estate and IRS agreed to an increased valuation of the estate, the value of the disclaimed portion of an inheritance that passed to a charitable foundation also increased for the purposes of calculating a charitable deduction.