Connelly v. Internal Revenue Service, No. 23-146 [Arg: 3.27.2024]

QUESTION PRESENTED:
Whether the proceeds of a life-insurance policy taken out by a closely held corporation on a shareholder in order to facilitate the redemption of the shareholder’s stock should be considered a corporate asset when calculating the value of the shareholder’s shares for purposes of the federal estate tax.

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What is Supreme Court of the United States?

Supreme Court Season episodes will include all arguments that occur from October 01st to June/July.