Bonwit v. Commissioner
United States Board of Tax Appeals
1. Premiums paid by petitioner's corporate employer on insurance surance on petitioner's life applied for by petitioner and payable to his family or estate held to be income to petitioner. 2. Premiums paid by the employer on policies applied for by the corporation, some of which were originally payable to the corporation but in the taxable year were payable to petitioner's wife and sons, held not income to the petitioner.
1Opinion of the Court
PAUL J. BONWIT, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bonwit v. Commissioner
Docket No. 53661.
United States Board of Tax Appeals
33 B.T.A. 507; 1935 BTA LEXIS 744;
November 19, 1935, Promulgated
1. Premiums paid by petitioner's corporate employer on insurance surance on petitioner's life applied for by petitioner and payable to his family or estate held to be income to petitioner.
2. Premiums paid by the employer on policies applied for by the corporation, some of which were originally payable to the corporation but in the taxable year were payable to petitioner's wife and…
2Cases cited6 opinions
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Burnet v. WellsSupreme Court of the United States · 1933
- Adams v. CommissionerUnited States Board of Tax Appeals · 1929
- Danforth v. CommissionerUnited States Board of Tax Appeals · 1930
- Yuengling v. CommissionerUnited States Board of Tax Appeals · 1933
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