 ... (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
 | United States. Internal Revenue Service - 1931 - 502 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. Internal Revenue Service - 1931 - 1916 pages
...(c) mum thaa the personal exemption 11 the status of tbe taxpayer changes. Item* Exempt from Tax (а) Amounts received under a life insurance contract paid by reason of the death ol the insured. (O Oil« (not ma-le as a consideration for services), end property acquired by bequest,... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...included in gross income and shall be exempt from taxation under this title: (1) LIFE INSUBANCE.—Amounts received under a life insurance contract paid by reason...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 - 1939 - 780 pages
...section 28. SEC. 116. EXCLUSIONS FROM GROSS INCOME. In addition to the items specified in section 22 (b), the following items shall not be included in gross...and shall be exempt from taxation under this chapter : (a) EARNED INCOME FROM SOURCES WITHOUT UNITED STATES. — In the case of an individual citizen of... | |
 | 1926 - 958 pages
...Section 213-b relative to the exemption of proceeds of insurance policies. The 1926 Act provides that amounts received under a life insurance contract paid...the death of the Insured, whether in a single sum or in installments, shall be exempt from tax. If, however, such amounts are held by the insurer under... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...shareholder. SEC. 116. EXCLUSIONS FROM GROSS INCOME. In addition to the items specified in section 22 (b), the following items shall not be included in gross...and shall be exempt from taxation under this chapter : (a) EARNED INCOME FROM SOURCES WITHOUT UNITED STATES. — In the case of an individual citizen of... | |
 | 1939 - 1030 pages
...following items shall not be included in gross income and shall be exempt from taxation under this title:l (1) LiFE iNSURANCE. Amounts received under a life...the insured, whether in a single sum or otherwise Unit if such amounts are held by the insurer under nn agreement to pay interest thereon, the interest... | |
 | 1940 - 1806 pages
...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...paid by reason of the death of the Insured, whether m a single sum or otherwise (but If such amounts are held by the Insurer under an agreement to pay... | |
 | 1941 - 1688 pages
...§ 19.44-5. (See further § 19.52-2.) *t [SEC. 22. GROSS INCOME.] (b) Exclusions from gross income. lated In service or use to the property so converted,...money which Is forthwith In good faith, under reg § 19.22 (b)-l Exemptions; exclusions from gross income. Certain items of income specified in section... | |
 | United States. Board of Tax Appeals - 1939 - 1702 pages
...in petitioner's gross income. In section 22 (b) (1) of the Revenue Act of 1928 1 it is provided that "Amounts received under a life insurance contract paid by reason of the death of the insured" shall not be included in gross income and shall be exempt from Federal income tax. In... | |
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