Court sides with IRS on tax of shareholders’ life-insurance policies

Court sides with IRS on tax of shareholders’ life-insurance policiesJustice 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 estate-planning device for those corporations, which commonly purchase life insurance policies on the principal shareholders….

The post Court sides with IRS on tax of shareholders’ life-insurance policies appeared first on SCOTUSblog.

Supreme Court rules U.S. must pay more for Native American tribes’ health care

Supreme Court rules U.S. must pay more for Native American tribes’ health careThe Supreme Court on Thursday ruled that the federal government must provide additional funding to cover some administrative costs incurred by Native American tribes that operate their own health-care programs. By a vote of 5-4, with Justice Neil Gorsuch – perhaps the strongest ally of…

The post Supreme Court rules U.S. must pay more for Native American tribes’ health care appeared first on SCOTUSblog.