Massachusetts Mut. Life Ins. Co. v. United States
United States Court of Claims
Special Findings of Fact. 1. Plaintiff is a mutual life insurance company, organized and existing under the laws of the commonwealth of Massachusetts.
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Special Findings of Fact. 1. Plaintiff is a mutual life insurance company, organized and existing under the laws of the commonwealth of Massachusetts. During 1922 and 1923 it was engaged in the business of making and selling life insurance, on the level premium plan, in the commonwealth of Massachusetts, the state of Connecticut, and all other states of the United State, except Arizona, Mississippi, Montana, Nevada, New Mexico, North Dakota, South Carolina, Texas, and Wyoming, and, during said years, it complied with the insurance laws and the requirements, rules, and regulations of the…
1Opinion of the Court
LITTLETON, Judge.
The Commissioner of Internal Revenue refused to allow the. additional reserves claimed by plaintiff on the ground that they were not reserves required by law within the meaning of section 245 (a) (2) of the Revenue Act of 1921 and article 681 of reg. 62. The pertinent provisions of the revenue act of 1921, 42 Stat. 227, 261, are as follows:
“Sec. 243. That in lieu of the taxes imposed by sections 230 and 1000 and by Title III, there shall be levied, collected, and paid for the calendar year 1921 and for each taxable year thereafter upon the net income of every life insurance…
2Cases cited6 opinions
- Maryland Casualty Co. v. United StatesSupreme Court of the United States · 1920
- National Lead Co. v. United StatesSupreme Court of the United States · 1920
- New York Life Insurance v. EdwardsSupreme Court of the United States · 1926
- McCoach v. Insurance Co. of North AmericaSupreme Court of the United States · 1917
- United States v. Boston InsuranceSupreme Court of the United States · 1925
1 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Alinco Life Insurance Company v. The United StatesUnited States Court of Claims · 1967
- Jefferson Standard Life Insurance Company v. United States of America, (Two Cases). Jefferson Standard Life Insurance Company v. United States of America, (Two Cases)Court of Appeals for the Fourth Circuit · 1969
- Commissioner of Internal Rev. v. Monarch Life Ins. Co.Court of Appeals for the First Circuit · 1940
- Northwestern States Portland Cement Co. v. HustonCourt of Appeals for the Eighth Circuit · 1942
- Commissioner of Internal Revenue v. Pan-American Life Ins.Court of Appeals for the Fifth Circuit · 1940
14 more not listed; retrieve them via the Exa API.