Frost v. Commissioner
United States Tax Court
Held, payments by an employer of life insurance premiums on policies covering the life of an employee, where the annual increase in the cash surrender value accrues to the benefit of the employee and in addition he receives annual insurance protection for himself and family, result in a present economic benefit to such employee, and are includable in his gross income as additional compensation pursuant to the provisions of sec. 61(a), I.R.C. 1954.
1Opinion of the Court
Paul L. Frost and Lou Frost, Petitioners v. Commissioner of Internal Revenue, Respondent
Frost v. Commissioner
Docket No. 6054-66
United States Tax Court
52 T.C. 89; 1969 U.S. Tax Ct. LEXIS 152;
April 17, 1969, Filed
Decision will be entered for the respondent.
Held, payments by an employer of life insurance premiums on policies covering the life of an employee, where the annual increase in the cash surrender value accrues to the benefit of the employee and in addition he receives annual insurance protection for himself and family, result in a present economic benefit to such employee, and are…
2Cases cited25 opinions
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
- Commissioner v. LoBueSupreme Court of the United States · 1956
- American Automobile Assn. v. United StatesSupreme Court of the United States · 1961
- Commissioner v. SmithSupreme Court of the United States · 1945
- Schulde v. CommissionerSupreme Court of the United States · 1963
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