... (b) Exclusions from gross income. — The following items shall not be included in gross income and shall be exempt from taxation under this title: (1) LIFE INSURANCE. — Amounts received under a life insurance contract paid by reason of the death... Reports of the Tax Court of the United States - Page 410by United States. Tax Court - 1955Full view - About this book
| Philippines - 1986 - 492 pages
...Life insurance. — The proceeds of life insurance policies paid to the heirs or beneficiaries upon the death of the insured, whether in a single sum or otherwise, whether in a single sum or otherwise, but if such amounts are held by the insurer under an agreement... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...following items shall not be included in gross income and shall be exempt from taxation under this title: (1) LIFE INSURANCE. — Amounts received under a life...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,... | |
| James L. Madden - 1927 - 284 pages
...income" does not include the following items, which shall be exempt from taxation under this title: (1) Amounts received under a life insurance contract paid...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,... | |
| Eric Louis Kohler - 1927 - 618 pages
...income" does not include the following items, which shall be exempt from taxation under this title: (1) Amounts received under a life insurance contract paid...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,... | |
| Harrison B. Spaulding - 1927 - 336 pages
...allowed, by the British law and not by the United States law will then be listed. EXEMPT INCOME• 1. Amounts received under a life insurance contract paid by reason of the death of the insured are exempt in the United States.1 In any event, the amount of the policy which represented... | |
| United States - 1928 - 268 pages
...following items shall not be included in gross income and shall be exempt from taxation under this title: (1) LIFE INSURANCE. — Amounts received under a life...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,... | |
| United States - 1928 - 1164 pages
...income" does not include the following items, which shall be exempt from taxation under this title : (1) Amounts received under a life insurance contract paid...the death of the insured, whether in a single sum or in installments' (but if such amounts are held by the insurer under an agreement to pay interest thereon,... | |
| Robert Hiester Montgomery - 1927 - 592 pages
...income" does not include the following items, which shall be exempt from taxation under this title: (1) Amounts received under a life insurance contract paid...the death of the insured, whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,... | |
| Robert Hiester Montgomery - 1927 - 1510 pages
...policies. — EXTENT TO WHICH EXEMPT WHEN PAID TO BENEFICIARJES. — LAW. Section 213 (b) . . . . (i) Amounts received under a life insurance contract paid by reason of the death of the insured, 'See "Tax Exemption of State Employees," by Roswell F. Magill, 35 Yale Law Journal, 956.... | |
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