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Estate On The Hook For $1M In Taxes For Life Insurance Cash

By Theresa Schliep · September 22, 2021, 2:38 PM EDT

A man's estate owes an additional $1 million in taxes after a Missouri federal court ruled that life insurance proceeds used to purchase his shares in a family business should have...

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Documents

Memorandum

Case Information

Case Title

Connelly v. United States of America, Department of the Treasury, Internal Revenue Service

Case Number

4:19-cv-01410

Court

Missouri Eastern

Nature of Suit

Taxes

Date Filed

May 23, 2019

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