Blaess v. Commissioner
United States Tax Court
1. Deductions -- Insurance Premiums -- Sec. 23 (a) (1) (A) and (a) (2), I. R. C. 1939. -- Petitioner, a doctor, acquired three disability insurance policies which provided that he would receive monthly payments in the event of disability from accident or sickness.
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1. Deductions -- Insurance Premiums -- Sec. 23 (a) (1) (A) and (a) (2), I. R. C. 1939. -- Petitioner, a doctor, acquired three disability insurance policies which provided that he would receive monthly payments in the event of disability from accident or sickness. The insurance policies did not provide for payments to reimburse petitioner for business overhead expenses incurred by him during disability in the operation of his office; they were not issued for business purposes. Held, that the insurance premiums paid in the taxable year were not ordinary and necessary expenses of petitioner's…
1Opinion of the Court
Marvin J. Blaess and Mildred C. Blaess, Petitioners, v. Commissioner of Internal Revenue, Respondent
Blaess v. Commissioner
Docket No. 56361
United States Tax Court
28 T.C. 710; 1957 U.S. Tax Ct. LEXIS 152;
June 25, 1957, Filed
Decision will be entered for the respondent.
1. Deductions -- Insurance Premiums -- Sec. 23 (a) (1) (A) and (a) (2), I. R. C. 1939. -- Petitioner, a doctor, acquired three disability insurance policies which provided that he would receive monthly payments in the event of disability from accident or sickness. The insurance policies did not provide for payments to reimburse…
2Cases cited12 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- McDonald v. CommissionerSupreme Court of the United States · 1944
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