BULLARD v. COMMISSIONER

Docket No. 6546.

5 T.C. 1346 (1945)

LOLA G. BULLARD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated December 29, 1945.


Attorney(s) appearing for the Case

Ralph Royall, Esq., for the petitioner.

William Schmitt, Esq., for the respondent.


The respondent determined a deficiency of $2,083.30 in the petitioner's income tax for the year 1941.

The issues are:

(1) Whether certain installment payments received by the petitioner from the proceeds of life insurance policies were taxable to her in part or were subject to no tax whatever; and

(2) Whether payments made to the petitioner by the executors of her husband's will, pursuant to its terms, constituted a legacy or income distributable to...

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