Labels:book | reckoner | sky OCR: June 1932 disclaimer is tefusal to accept property initio ard taxpayer's right to disclaim has always been recognized by Congress matter of general timely property and law Mrs. Irvine's Disclaimer was valid, effective refusal t+ accept ownership of her interest under Minnesota law the applicable property law The district court and the Eighth Circuit ruled banc that her disclaimer was also effective for federal purposes and did not constitute transfer subject The Government, seeking reversal, complains that Mrs. Irvine "waited 4 years disclaim, toa iong under the Government's interpretation Treas Reg 2511 1{c} But the Government fails tell this Cour has conceded that under its interpretation of the Regulation, Mrs. Irvine's time making an effective disclaimer expired before the Tax was even ...
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