Higgins v. White

BREWSTER, District Judge.

The above actions are brought to recover income taxes for the years 1924 to 1927. Defendant has demurred. The cases present identical issues and can be considered in one opinion.

The controversy arises over the inclusion in the gross income of plaintiffs, for the years involved, of income derived from certain so-called “insurance trusts” created by the plaintiffs. In each declaration it is alleged that the plaintiff entered into certain indentures of trust with the Boston Safe Deposit & Trust Company whereby policies of insurance on the life of the other plaintiff were…