Barron v. Commissioner

BENJAMIN BARRON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Barron v. Commissioner

Docket No. 19199.

United States Board of Tax Appeals

14 B.T.A. 1022; 1929 BTA LEXIS 3003;

January 7, 1929, Promulgated

Premiums paid on insurance taken to secure loan to taxpayer held not deductible.

Benjamin Barron pro se.

Byron M. Coon, Esq., for the respondent.

VAN FOSSAN

OPINION.

VAN FOSSAN: Petitioner asks redetermination of a deficiency of $1,976.17 for the years 1922 and 1923, the sole question being the deductibility of payments of $2,691.46 in 1922 and $2,641 in 1923, the amounts of premiums…