Legal Opinion
Commissioner of Internal Revenue v. Olmsted Incorporated Life Agency
Court of Appeals for the Eighth Circuit
Decided June 4, 1962No. 16850PublishedCited by 8 opinions
1Opinion of the Court
VOGEL, Circuit Judge.
The Commissioner of Internal Revenue, petitioner herein, seeks review and reversal of a decision by the Tax Court of the United States holding that Olmsted Incorporated Life Agency, respondent, did not realize taxable income upon the receipt by it in 1956 of a contract whereby it was to be paid monthly payments for a period of fifteen years in consideration for its surrender of all rights to future renewal commissions on previously written life insurance policies.
The facts, mainly stipulated, are not in dispute. Respondent is an Iowa corporation having its principal place…
2Cases cited15 opinions
- Massachusetts Mutual Life Insurance v. United StatesSupreme Court of the United States · 1933
- Brodie v. CommissionerUnited States Tax Court · 1942
- Commissioner of Internal Revenue v. OatesCourt of Appeals for the Seventh Circuit · 1953
- Oberwinder v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1945
- Herbert's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1943
10 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- John E. Reed v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1983
- Goldsmith v. United StatesUnited States Court of Claims · 1978
- Willits v. CommissionerUnited States Tax Court · 1968
- PITTSBURGH-DES MOINES STEEL COMPANY v. United StatesDistrict Court, W.D. Pennsylvania · 1973
- Merkle v. State Tax CommissionOregon Tax Court · 1965
3 more not listed; retrieve them via the Exa API.