| United States. Internal Revenue Service - 1968 - 938 pages
...premiums. It reads, in part, as follows : (a) GENERAL RULE. — No deduction shall be allowed for. — (1) Premiums paid on any life insurance policy covering...any trade or business carried on by the taxpayer, ifkfn the taxpayer is directly or indirectly a beneficiary under such policy. [Emphasis added] As previously... | |
| Wisconsin - 1953 - 144 pages
...premiums paid on any life insurance policy covering the life of an// officer, partner, or employe, or of any person financially interested in any trade...directly or indirectly a beneficiary under such policy. SECTION 5. 71.04 (2b) (introductory paragraph) and (b) of the statutes, as created by chapter 183,... | |
| United States. Internal Revenue Service - 1955 - 1158 pages
...(4) of the Internal Revenue Code of 1939 and the regulations promulgated thereunder, no portion of premiums paid on any life insurance policy covering...any trade or business carried on by the taxpayer, may be deducted by the taxpayer in computing net income when the taxpayer is directly or indirectly... | |
| United States. Tax Court - 1958 - 1368 pages
...computing net Income no deduction shall In any case be allowed In respect of — • •«•••• (4) Premiums paid on any life Insurance policy covering...trade or business carried on by the taxpayer, when the taapayer is directly or indirectly a beneficiary under such policy; • • * [Emphasis added.] 1 If... | |
| United States. Tax Court - 1958 - 1382 pages
...Income no deduction shall In any case be allowed In respect of — • •••••• (4) Premlnmi paid on any life Insurance policy covering the life...business carried on by the taxpayer, when the taxpayer <* directly or indirectly a oene/lciary under tiioh policy; • • • [Emphasis added.] going general... | |
| United States. Tax Court - 1969 - 564 pages
...CONNECTION WITH INSURANCE CONTRACTS, (a) GENERAL RULE. — No deduction shall be allowed for — (1) Premiums paid on any life Insurance policy covering...directly or Indirectly a beneficiary under such policy. (2) Any amount paid or accrued on Indebtedness Incurred or continued to purchase or carry a single... | |
| United States. Tax Court - 1969 - 1192 pages
...264 (a) (1) of the Code provides : (a) GENERAL RUI.R, — No deduction shall be allowed for — (1) Premiums paid on any life Insurance policy covering...taxpayer is directly or Indirectly a beneficiary under the remaining earnings during the taxable years available for distribution." Since Congress has specifically... | |
| United States. Tax Court - 1943 - 1330 pages
...be allowed In respect of — ******* (4) Premiums paid on any life insurance policy covering the Hfe of any officer or employee, or of any person financially...directly or indirectly a beneficiary under such policy. Therefore, since Products Co. could not deduct from its gross income these annual insurance premiums... | |
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