Eighth Circuit Affirms Tax Court on Valuation of Disclaimed Inheritance

For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

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.

Request Daily Tax Report