Let’s Talk About Tax

On Thursday, June 20, 2024, the Supreme Court handed down its long-awaited tax decision in Moore v. U.S. And, an interesting set of opinions it is (all 83 pages of them)!

On June 6, 2024, the U.S. Supreme Court unanimously held that, for federal estate tax purposes, a company’s obligation to redeem shares from a deceased shareholder’s estate does not offset life insurance proceeds used by the company to satisfy that obligation.