Supreme Court Rules 9–0 for IRS, Denying Refund in Estate Tax Dispute

Extra revenue created by an estate-planning device that increases the value of a family-held corporation is taxable, the court held.
Supreme Court Rules 9–0 for IRS, Denying Refund in Estate Tax Dispute
Supreme Court Associate Justice Clarence Thomas poses for an official portrait at the Supreme Court in Washington on Oct. 7, 2022. Alex Wong/Getty Images
Matthew Vadum
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The Supreme Court ruled unanimously in favor of the IRS on June 6 in a dispute over taxing shareholders’ life insurance policies.

Justice Clarence Thomas wrote the court’s 9–0 decision in Connelly v. Internal Revenue Service.