Connelly v. United States, 602 U.S. ___ (2024), was a United States Supreme Court case in which the Court held that a corporation's contractual obligation to redeem shares is not necessarily a liability that reduces a corporation's value for purposes of the federal estate tax.

When calculating the federal estate tax, the value of a decedent's shares in a closely held corporation must reflect the corporation's fair market value.

[1][2] This article incorporates written opinion of a United States federal court.

As a work of the U.S. federal government, the text is in the public domain.

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