The respondent determined deficiencies in income tax for the calendar years ended December 31, 1940 and 1941, in the respective amounts of $28,152.17 and $10,754.50. The issues are whether the petitioner was exempt from Federal corporation income and excess profits taxes under section 101 (11) of the Internal Revenue Code as a mutual insurance company, and, if it was not so exempt, whether it was a mutual insurance company entitled under section 207 (c) (3) to deduct certain...
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.
