Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included... Reports of the U.S. Board of Tax Appeals - Page 371by United States. Board of Tax Appeals - 1939Full view - About this book
| United States. Congress. House. Committee on Ways and Means - 1958 - 1176 pages
...Code of 1954 providing an exception to the general rule limiting the exclusion from gross income of amounts received under a life insurance contract paid by reason of the death of the insured be extended to certain additional categories; and 20675 O— 58— pt. 3 26 ngtrmn i; :... | |
| United States. Tax Court - 1959 - 1372 pages
...Cong., 1st Sess. (1951), p. 50), it is stated: 8. Death benefits to employees under a life-insurance contract paid by reason of the death of the insured, whether In a single sum or otherwise. However, by its terms, this provision is limited to life-insurance payments, and the exclusion does... | |
| 1969 - 1404 pages
...recipient. (1) PROCEEDS OF LIFE-INSURANCE POLICIES.—-The proceeds of life-insurance policies paid by reason of the death of the insured, whether in a single...interest payments shall be included in gross income). (B) EMPLOYEES' ANNUITIES.—If an annuity contract is purchased by an employer for an employee under... | |
| United States. Tax Court - 1950 - 1992 pages
...Included In gross Income and shall be exempt from taxation under this chapter : (1) LIFE INSURANCE. — Amounts received under a life Insurance contract paid...In a single sum or otherwise (but If such amounts a re held by the Insurer under an agreement to pa; Interest thereon, the Interest payments shall be... | |
| United States. Tax Court - 1954 - 1200 pages
...Included In gross Income and shall be exempt from taxation under this chapter : (!)• LIFE INSURANCE. — Amounts received under a life Insurance contract paid...Insured, whether In a single sum or otherwise (but If each amounts are held by the Insurer under an agreement to pay Interest thereon, the Interest (104)... | |
| United States. Tax Court - 1950 - 1992 pages
...In gross Income and shall be exempt from taxation under this chapter: (1) LIFE INSURANCE.—Amounts received under a life Insurance contract paid by reason...the Insured, whether In a single sum or otherwise (bnt If such amounts are held by the Insurer under an agreement to pay Interest thereon, the Interest... | |
| United States. Internal Revenue Service - 1978 - 630 pages
...excluded from gross income as life insurance proceeds, paid by reason of the death of the insured, is held sury, Internal Revenue Service Secion 451 (a) of the Code provides that the amount of any item of gross income shall be included in... | |
| United States. Tax Court - 1943 - 1330 pages
...this chapter : (1) LIFE INSDHANCE. — Amounts received under a life insurance contract paid by re=~ of the death of the insured, whether in a single sum or otherwise (but if such amo^^^u" " are held by the Insurer under an agreement to pay interest thereon, the interest paync^... | |
| United States. Tax Court - 1950 - 1678 pages
...insurance contracts, that even though paid in the form of an annuity, periodic payments which con-stitute "Amounts received under a life insurance contract paid by reason of the death of the insured'' fall within the exemption granted in section 22 (b) (1), supra. Accordingly, the mere... | |
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