Saxton v. Commissioner
United States Tax Court
1. Decedent's employer, for the purpose, inter alia, of providing additional compensation to decedent and other employees, took out a group life insurance policy providing for the insurance of the lives of certain employees. Pursuant to the master policy issued to the employer, decedent received policies insuring his life for $ 10,000, upon which decedent paid a part of the premiums and the employer a part.
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1. Decedent's employer, for the purpose, inter alia, of providing additional compensation to decedent and other employees, took out a group life insurance policy providing for the insurance of the lives of certain employees. Pursuant to the master policy issued to the employer, decedent received policies insuring his life for $ 10,000, upon which decedent paid a part of the premiums and the employer a part. Held, the entire proceeds of the policies are includible in decedent's gross estate. Estate of Judson C. Welliver, 8 T. C. 165, followed. 2. In 1941 decedent's employer, for the purpose of…
1Opinion of the Court
Estate of Eugene F. Saxton, Deceased, Martha P. Saxton, Individually and as Sole Executrix of the Last Will and Testament of Eugene F. Saxton, Deceased, Petitioner, v. Commissioner of Internal Revenue, Respondent
Saxton v. Commissioner
Docket No. 16552
United States Tax Court
12 T.C. 569; 1949 U.S. Tax Ct. LEXIS 228;
April 13, 1949, Promulgated
Decision will be entered under Rule 50.
1. Decedent's employer, for the purpose, inter alia, of providing additional compensation to decedent and other employees, took out a group life insurance policy providing for the insurance of the lives of certain…
2Cases cited6 opinions
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- Higgs v. CommissionerUnited States Tax Court · 1949
- Estate of Nevin v. CommissionerUnited States Tax Court · 1948
- Welliver v. CommissionerUnited States Tax Court · 1947
- Saxton v. CommissionerUnited States Tax Court · 1949
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