Legal Opinion
Edwin A. Gallun and Jane W. Gallun (Formerly Husband and Wife) v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided February 13, 1964No. 14332PublishedCited by 7 opinions
1Opinion of the Court
SWYGERT, Circuit Judge.
This petition for review of the decision of the Tax Court involves a deficiency of federal income taxes of petitioners, Edwin A. and Jane W. Gallun, asserted by the Commissioner of Internal Revenue for the year 1956 in the amount of $19,-827.19.
In their joint tax return for the year 1956 petitioners reported income in the amount of $38,200.45 from the sale of four insurance policies on the life of Edwin A. Gallun and computed the tax on their profit at capital gains rates. The Commissioner determined that the profits received on the sales of the policies were taxable as…
2Cases cited5 opinions
- Commissioner v. P. G. Lake, Inc.Supreme Court of the United States · 1958
- Commissioner of Internal Revenue v. Percy W. Phillips and Betty R. Phillips (Husband and Wife)Court of Appeals for the Fourth Circuit · 1960
- Arnfeld v. United StatesUnited States Court of Claims · 1958
- Harry Roff and Marcia Roff v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1962
- First National Bank of Kansas City v. CommissionerCourt of Appeals for the Eighth Circuit · 1962
3Cited by7 opinions
- S. M. Friedman and Esther G. Friedman v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1965
- Barrett v. CommissionerUnited States Tax Court · 1964
- Moseley v. CommissionerUnited States Tax Court · 1979
- Barr v. Comm'rUnited States Tax Court · 2009
- Barrett v. CommissionerUnited States Tax Court · 1964
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