Skip to content. | Skip to navigation

Sections
Personal tools
Log in
You are here: Home Tax Cases Tax Cases United States v. Commercial National Bank of Peoria
 

United States v. Commercial National Bank of Peoria

The taxpayer died owning shares of the corporation. The value of the shares was contested by the decedent’s estate and the Internal Revenue Service.

Before the value of the shares was determined, the decedent’s estate liquidated the corporation.  After the value of the shares was determined, the decedent’s estate, in relying upon an informal refund request, sued for a refund of the excess of the income taxes paid without regard to the basis increased over the over the income taxes payable by reason of the basis increase.  874 F.2d 1165 (7th Cir. 1989).

Files
Document Actions

Client Site Login         Legal Notice                            416 Main Street, Suite 400, Peoria, Illinois 61602   p. 309.680.8000