CLARK, Circuit Judge.
The income tax repercussions of insurance carried by corporations on the lives of their officers have turned upon the distinction between two simple classes of cases. The first is where the corporation receives the proceeds of such insurance as beneficiary named in the policy. The amounts so received are not taxable to it, they being within the statutory exclusion from gross income of "amounts received under a life insurance contract", Revenue...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
