26 U.S.C. § 273
Holders of life or terminable interest
Amounts paid under the laws of a State, the District of Columbia, a possession of the United States, or a foreign country as income to the holder of a life or terminable interest acquired by gift, bequest, or inheritance shall not be reduced or diminished by any deduction for shrinkage (by whatever name called) in the value of such interest due to the lapse of time.
Notes of Decisions
Cited in 31
cases, 1935–1977 · leading case: Luce v. United States
Luce v. United States (1977)
“The taxpayer had received a life estate in the income from a trust in settlement of claims against her father’s estate.”
Shelton v. Gill, Collector of Internal Revenue (1953)
“273 of the Internal Revenue Code, 26 U.S.C.A. § 273 , to make jeopardy assessments and serve notices on the defendants of tax liens and filed the notices in the appropriate offices to constitute liens against their properties, and is attempting in other ways to collect the…”
E. C. Lloyd v. George D. Patterson, District Director of Internal Revenue, District of Alabama (1957)
“Section 273(a), Code 1939, 26 U.S.C.A. § 273 (a), vests in the Commissioner authority to make a jeopardy assessment when he “believes that the *744 assessment or collection of a deficiency-will be jeopardized by delay.”
David Ginsburg v. United States (1960)
“1939 Code, §§ 273 (a), 292(a), 26 U.S.C.A. §§ 273 (a), 292(a). Appellants petitioned the Tax Court for a redetermination, but filed no bond under section 273(f) to stay collection.”
Dyer v. Gallagher (1953)
“she has no remedy at law; that the jeopardy assessment “is a void and arbitrary action, made without warrant or authority of law, in violation of plaintiff’s constitutional rights and privileges to due process of law, and was a mistake and error of law, and is not supported or…”
United States v. William J. Hardy (1962)
“Code of 1939, § 273(c), 26 U.S.C.A. § 273 (c). 3 Even if it could be said that a jeopardy assessment or a 90-day letter constituted an account stated, the presence of the several mutual mistakes which are involved in this action would render such an account voidable by either…”
United States v. Georgia Railroad and Banking Company (1965)
“An analogous statutory purpose is exemplified by § 273, 26 U.S.C.A. § 273 , which provides that a life income interest acquired by gift “shall not be [reduced or] diminished by any deduction for shrinkage (by whatever name called) in the value of such interest due to [the] lapse…”
Communist Party, USA v. Moysey (1956)
“” Title 26 U.S.C.A. § 273 (a), Internal Revenue Code of 1939, read as follows: “§ 273.”
Gemological Institute of America, Inc. v. Riddell (1957)
“Nor does it constitute a claim for abatement, since they are specifically prohibited by statute, Section 273(j), Internal Revenue Code of 1939, 26 U.S.C.A. § 273 (d). 1954 m) On March 15, 1955 the plaintiff filed a claim for refund for the year 1954 alleging that it was exempt…”
Allen M. Early and Jeannette B. Early v. Commissioner of Internal Revenue (1971)
“§ 273, 26 U.S.C. § 273 provides: “Holder of a Life or Terminable Interest.”
Alice B. Gist v. United States (1970)
“His decision was grounded on the language of § 273 of the Internal Revenue Code ( 26 U.S.C. § 273 ). That section provides: “Amounts paid under the laws of a State, a Territory, the District of Columbia, a possession of the United States, or a foreign country as income to the…”
United States v. Barber (1938)
“854 , 26 U.S.C.A. § 273 . The particular question has been heretofore decided in principle in accordance with the view just expressed, by the Second Circuit in the case of American Equitable Assur.”
— 26 U.S.C. § 273(f) — 1 case
Crolich v. United States (1956)
— 26 U.S.C. § 273(i) — 1 case
Brinck v. United States (1959)
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.