 | United States. Congress. Senate. Committee on Finance - 1918 - 664 pages
...17 of said bill, " Items not deductible," line 20, and following, reads in this manner: " Preminms paid on any life insurance policy covering the life...business carried on by the taxpayer when the taxpayer or anyone financially interested in such trade or business is a beneficiary under said policy." The... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 660 pages
...17 of said bill, " Items not deductible," line 20, and following, reads in this manner : " Preminms paid on any life insurance policy covering the life...business carried on by the taxpayer when the taxpayer or anyone financially interested in such trade or business is u beneficiary under said policy." The... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...is similarly not deductible. (Art. 293.) Items not deductible : premiums on insurance for employee. 4. Premiums paid on any life insurance policy, covering...directly or indirectly a beneficiary under such policy. (Source: Fed. Rev. Act 1918, § 215 d.) payer is in no sense a beneficiary under such a policy, except... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...restoring property or in making good the exhaustion thereof for which an allowance is or has been made ; or 4. Premiums paid on any life insurance policy, covering...directly or indirectly a beneficiary under such policy. § 362. Exemptions. The following exemptions shall be allowed to any resident taxpayer: 1. In the case... | |
 | George Edwin Holmes - 1919 - 1052 pages
...from Treasury Department dated March 15, 1918; IT S. 1918, H3290. TT— 10 expressly provides that premiums paid on any life insurance policy covering,...directly or indirectly a beneficiary under such policy shall not be deductible from gross income.36 DONATIONS. Partnerships were entitled under the 1916 Law... | |
 | Alabama - 1919 - 1476 pages
...property or in making good the exhaustion thereof, for which an allowance is or has been made; or (d) premiums paid on any life insurance policy covering...directly or indirectly a beneficiary under such policy. Section 326. EXEMPTIONS.— The following exemptions from income tax shall be allowed to every resident... | |
 | George Edwin Holmes - 1919 - 1048 pages
...Co. v. Herold, 198 Ted. 199, affirmed 201 Fed. 918. 23 Revenue Act of 1918, §§215 (c), 235. miums paid on any life insurance policy covering the life...is directly or indirectly a beneficiary under such policy.24 SPECIAL ASSESSMENTS AGAINST LOCAL BENEFITS. Although assessments against local benefits are... | |
 | National City Company, United States - 1919 - 104 pages
...property or in making good the exhaustion thereof for which an allowance is or has been made; or 79. (d) Premiums paid on any life insurance policy covering...business carried on by the taxpayer, when the taxpayer directly or indirectly a beneficiary under such policy. CREDITS ALLOWED. 80. SEC 216. That for the... | |
 | Ewell D. Moore - 1919 - 44 pages
...restoring property or in making good its exhaustion for which an allowance is or has been made; or Premiums paid on any life insurance policy covering...trade or business carried on by the taxpayer when he is directly or indirectly a beneficiary under such policy. CREDITS ALLOWED— PERSONAL EXEMPTIONS,... | |
 | 1920 - 188 pages
...restoring property or in making good the exhaustion thereof for which an allowance is or has been made; or 4'. Premiums paid on any life insurance policy, covering...directly or indirectly a beneficiary under such policy. § 362. Exemptions. The following exemptions shall be allowed to any resident taxpayer: 1. In the case... | |
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Premiums paid on any life insurance policy covering the life of any officer or employee, or of any person financially interested in any trade or business carried on by the taxpayer, when the taxpayer is directly or indirectly a beneficiary under such... 
