Tags: Case, Legal Case, Supreme Court Of The United States Case, Unit Of Work.
Crane v. Commissioner 331 U.S. 1 (1947) was a case heard before the United States Supreme Court concerning the value for tax purposes of inherited property with a nonrecourse mortgage encumbering it. According to Boris I. Bittker Crane laid the foundation stone of most tax shelters.Chief Justice Fred M. Vinson wrote the opinion.