Court sides with IRS on tax of shareholders’ life-insurance policies
OPINION ANALYSIS By Ronald Mann on Jun 6, 2024 at 4:54 pm The court unanimously ruled in Connelly v. United States on Thursday. (Katie Barlow) Justice Clarence Thomas’s opinion for a unanimous court on Thursday in Connelly v. Internal Revenue Service resolved a pedestrian estate-tax problem for closely held corporations. The case presented a routine…