Estate of Worster v. Commissioner

ESTATE OF DAVID B. WORSTER, DECEASED, VINCENT B. WORSTER, EXECUTOR, AND MARGARET R. WORSTER, SURVIVING WIFE, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Estate of Worster v. Commissioner

Docket No. 29964-81.

United States Tax Court

T.C. Memo 1984-123; 1984 Tax Ct. Memo LEXIS 555; 47 T.C.M. (CCH) 1266; T.C.M. (RIA) 84123;

March 12, 1984.

Held: Premiums paid on $200,000 group life insurance policy determined to be constructive dividends to stockholder-employee.

Sumner E. Nichols, II, for the petitioners.

Francis J. Emmons, for the respondent.

WHITAKER

MEMORANDUM FINDINGS OF FACT AND…