Danforth v. Commissioner
United States Board of Tax Appeals
Premiums paid by employer for insurance on the life of an employee of which the beneficiary is the employee's wife are compensation of employee for services and part of his gross income.
1Opinion of the Court
opinion.
SteRnhagen :
This proceeding was submitted under Rule 29 upon the pleadings alone, without briefs or argument. The petitioner contests respondent’s determination that his income by way of salary includes insurance premiums paid by the John W. Danforth Co. in respect of a policy upon his life of which his wife was beneficiary.
On December 19,1921, the board of directors of the John W. Dan-forth Co. passed the following resolution:
Whereas, the Board of Directors believes — in enabling said N. Loring Dan-forth, Leo N. Hopkins and Albert C. Wood to take out insurance upon their *1222lives,…
2Cited by17 opinions
- Miller v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1944
- Sibla v. CommissionerUnited States Tax Court · 1977
- Frost v. CommissionerUnited States Tax Court · 1969
- Lacey v. CommissionerUnited States Tax Court · 1963
- Enright v. CommissionerUnited States Tax Court · 1971
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