Lohman v. Commissioner
United States Board of Tax Appeals
Petitioner and several other attorneys were engaged by the State of Missouri to defend the interests of the state and of the policyholders in fire insurance rate litigation cases. In May 1935 an agreement of settlement was entered into between the state and the insurance companies in which the latter agreed to pay $500,000 to the attorneys for the services which they had rendered the state in the litigation.
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Petitioner and several other attorneys were engaged by the State of Missouri to defend the interests of the state and of the policyholders in fire insurance rate litigation cases. In May 1935 an agreement of settlement was entered into between the state and the insurance companies in which the latter agreed to pay $500,000 to the attorneys for the services which they had rendered the state in the litigation. Petitioner received $63,540 in 1936 as his portion of the amount paid in that year by the fire insurance companies in accordance with the settlement. Under the evidence it is held: (1)…
1Opinion of the Court
IRA H. LOHMAN AND IDA MAY LOHMAN, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Lohman v. Commissioner
Docket No. 98604.
United States Board of Tax Appeals
45 B.T.A. 495; 1941 BTA LEXIS 1110;
October 28, 1941, Promulgated
Petitioner and several other attorneys were engaged by the State of Missouri to defend the interests of the state and of the policyholders in fire insurance rate litigation cases. In May 1935 an agreement of settlement was entered into between the state and the insurance companies in which the latter agreed to pay $500,000 to the attorneys for the services which…
2Cases cited18 opinions
- Metcalf & Eddy v. MitchellSupreme Court of the United States · 1926
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
- Helvering v. GerhardtSupreme Court of the United States · 1938
- Singer Manufacturing Co. v. RahnSupreme Court of the United States · 1889
- State Tax Commission v. Van CottSupreme Court of the United States · 1939
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