Idaho Mutual Benefit Ass'n v. United States

MEMORANDUM OF OPINION

FRED M. TAYLOR, Chief Judge.

This action was instituted to recover a refund on income taxes paid for the years 1956, 1957 and 1958 in the total sum of $50,170.20, together with interest from the date of payment of the taxes for each of the years in question. The jurisdiction of this court is under 28 U.S.C.A. § 1346(a) (1).

At all times material to this cause the Idaho Mutual Benefit Association (hereinafter referred to as Idaho Mutual) was organized, licensed and doing business as an insurance company within the State of Idaho with its principal place of business at Boise,…