26 U.S.C. § 2054
Losses
For purposes of the tax imposed by section 2001, the value of the taxable estate shall be determined by deducting from the value of the gross estate losses incurred during the settlement of estates arising from fires, storms, shipwrecks, or other casualties, or from theft, when such losses are not compensated for by insurance or otherwise.
Notes of Decisions
Cited in 4
cases, 1934–2015 · leading case: Est. of Philip Meriano, Deceased, Anita Panepinto, Adm'x v. Comm'r of Internal Revenue Serv., 142 F.3d 651 (3rd Cir. 1998).
Est. of Philip Meriano, Deceased, Anita Panepinto, Adm'x v. Comm'r of Internal Revenue Serv., 142 F.3d 651 (3rd Cir. 1998). “Tax Court that the stockbroker and the attorney/investigator had committed theft under Pennsylvania state law and that the estate was therefore entitled to a deduction for its loss pursuant to 26 U.S.C. § 2054 . The tax court denied the deduction and the estate appealed.”
In Re Est. of Bernstein, 17 A.3d 1172 (Del. Ch. 2011). “26 U.S.C. § 2054 . 17 .12 Del. C. § 903(1) (emphasis added).”
CEM Sec. Corp. v. Comm'r of Internal Revenue, 72 F.2d 295 (4th Cir. 1934). “* * * ” Section 54 (26 USCA § 2054) Records and Special Returns.”
Robert W. Mills v. Nita D. Mills (Tenn. Ct. App. 2015). “‖ 26 U.S.C.A. § 2054 . 3 significant background information regarding the administration and closing of Decedent‘s estate.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.