McIntyre v. Commissioner
United States Board of Tax Appeals
Petitioners' father took out life insurance policies on his own life and, pursuant to his request, the company agreed to pay the proceeds thereof to the insured's mother in monthly installments for ten years certain and during her after lifetime as provided in settlement option C of the policies, and that if she should die before receiving installments for the ten years certain, then upon her death the commuted value of the remaining installments for that period would be…
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Petitioners' father took out life insurance policies on his own life and, pursuant to his request, the company agreed to pay the proceeds thereof to the insured's mother in monthly installments for ten years certain and during her after lifetime as provided in settlement option C of the policies, and that if she should die before receiving installments for the ten years certain, then upon her death the commuted value of the remaining installments for that period would be paid in one lump sum to the insured's children, share and share alike. Option C provided for monthly payments, the amount…
1Opinion of the Court
WINIFRED WHEELER MCINTYRE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ROBERT T. WHEELER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
McIntyre v. Commissioner
Docket Nos. 103221, 103222.
United States Board of Tax Appeals
45 B.T.A. 67; 1941 BTA LEXIS 1176;
September 12, 1941, Promulgated
Petitioners' father took out life insurance policies on his own life and, pursuant to his request, the company agreed to pay the proceeds thereof to the insured's mother in monthly installments for ten years certain and during her after lifetime as provided in settlement option C of…
2Cases cited2 opinions
- Winslow v. CommissionerUnited States Board of Tax Appeals · 1939
- McIntyre v. CommissionerUnited States Board of Tax Appeals · 1941