ESTATE OF HOOKS v. COMMISSIONER

Docket No. 45676.

22 T.C. 502 (1954)

ESTATE OF PAT E. HOOKS, DECEASED, JEANETTE HOOKS, INDEPENDENT EXECUTRIX, AND JEANETTE HOOKS, SURVIVING WIFE, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 8, 1954.


Attorney(s) appearing for the Case

Edward L. Wilson, Esq., for the petitioners.

J. L. Bailey, Esq., for the respondent.


OPINION.

TIETJENS, Judge:

The Commissioner determined a deficiency in income tax against petitioners in the amount of $3,825.36 for the calendar year 1950.

The sole issue for decision is the propriety of a claimed deduction of $13,103.81 representing interest on insurance policy cash and automatic premium loans which was unpaid up to the time of the husband's death, the policies having been purchased by the husband and the wife having been...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases