Trenton Times Corporation v. United States

OPINION

CLARKSON S. FISHER, District Judge.

Plaintiff applies for review of the Internal Revenue Service refusal to deduct amounts paid by plaintiff for a group annuity contract established for its employees from plaintiff’s 1964 and 1965 corporate income tax assessments. The parties have stipulated the facts and submit the matter for consideration without argument on cross-motions for summary judgment. Jurisdiction is properly alleged under 28 U.S.C. Sec. 1346, and plaintiff seeks return of the tax monies allegedly erroneously collected plus interest.

STIPULATION OF FACTS

The following…