Bankers' Reserve Life Co. v. United States

On Demurrer.

LITTLETON, Judge.

This suit was instituted to recover $27,727.71, the entire amount of ineome tax assessed, collected, and paid for the year 1924 under the provisions of sections 242 to 245, inclusive, of the Revenue Act of 1924 (26 USCA § 1001 note and §§ 1002-1005).

Plaintiff is a life insurance company organized under the laws of the state of Nebraska, with office and place of business at Omaha.

It was assessed and paid income tax for the calendar year 1924 of $27,727.71, of which $1,200.40 represented additional tax interest thereon of $174.36. The additional tax and interest…