McCabe v. Commissioner
United States Tax Court
In 1965, petitioners lost the use and occupancy of their home as a result of a fire in their kitchen. Through a provision in their fire insurance policy, they were reimbursed for the additional expense of maintaining substitute living quarters. The policy did not relieve them of any of their normal living expenses.
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In 1965, petitioners lost the use and occupancy of their home as a result of a fire in their kitchen. Through a provision in their fire insurance policy, they were reimbursed for the additional expense of maintaining substitute living quarters. The policy did not relieve them of any of their normal living expenses. Held, that the insurance proceeds paid to reimburse petitioners for additional living expenses occasioned by the fire constitute gross income to them under sec. 61, I.R.C. 1954. I. Hal Millsap, Jr., 46 T.C. 751, 762, affd. 387 F. 2d 420 (C.A. 8, 1968), followed for years prior to…
1Opinion of the Court
Neil F. McCabe and Evelyn C. McCabe, Petitioners v. Commissioner of Internal Revenue, Respondent
McCabe v. Commissioner
Docket No. 1158-68
United States Tax Court
54 T.C. 1745; 1970 U.S. Tax Ct. LEXIS 62;
September 29, 1970, Filed
Decision will be entered for the respondent.
In 1965, petitioners lost the use and occupancy of their home as a result of a fire in their kitchen. Through a provision in their fire insurance policy, they were reimbursed for the additional expense of maintaining substitute living quarters. The policy did not relieve them of any of their normal living expenses. Held, that…
2Cases cited18 opinions
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
- Hort v. CommissionerSupreme Court of the United States · 1941
- Hanover Bank v. CommissionerSupreme Court of the United States · 1962
- Haggar Co. v. Helvering, Com'r of Internal RevenueSupreme Court of the United States · 1940
- Helvering v. Independent Life InsuranceSupreme Court of the United States · 1934
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