Thomas A. Connelly, as Executor of the Estate of Michael P. Connelly, Sr., Petitioner v. Internal Revenue Service

Track this case

Case Number:

23-146

Court:

Supreme Court

Nature of Suit:

2870 Tax Suits

Firms

  1. October 31, 2023

    Justices Urged To Uphold Tax On $3.5M Life Insurance Payout

    The estate of a man whose $3.5 million life insurance policy directed his brother to purchase his shares in their closely held company was correctly required to pay federal estate tax on the payout, the federal government told the U.S. Supreme Court.

  2. August 17, 2023

    Justices Asked To Review Tax On $3M Life Insurance Payout

    The estate of a man who died and left behind a life insurance policy allowing his family business to purchase his shares told the U.S. Supreme Court the estate was wrongly required to pay tax on the $3 million payout under an Eighth Circuit decision.