Van Schaick v. Commissioner
United States Board of Tax Appeals
1. In February 1921 the taxpayer, an insurance company other than life or mutual, was decreed to be insolvent and liquidation ordered pursuant to the provisions of section 63 of the Insurance Law of New York, whereupon, the Superintendent of Insurance of New York took possession of the property and business of the taxpayer and proceeded to liquidate the affairs of the company.
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1. In February 1921 the taxpayer, an insurance company other than life or mutual, was decreed to be insolvent and liquidation ordered pursuant to the provisions of section 63 of the Insurance Law of New York, whereupon, the Superintendent of Insurance of New York took possession of the property and business of the taxpayer and proceeded to liquidate the affairs of the company. Awards were received in 1928 and 1929, the taxable years before us, from the Mixed Claims Commission. The taxpayer had paid during the years 1914 to 1918, inclusive, substantial amounts on policies written by it because…
1Opinion of the Court
GEORGE S. VAN SCHAICK, AS SUPERINTENDENT OF INSURANCE OF THE STATE OF NEW YORK, AS LIQUIDATOR OF THE LIBERTY MARINE INSURANCE COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Van Schaick v. Commissioner
Docket No. 67263.
United States Board of Tax Appeals
32 B.T.A. 736; 1935 BTA LEXIS 897;
June 11, 1935, Promulgated
1. In February 1921 the taxpayer, an insurance company other than life or mutual, was decreed to be insolvent and liquidation ordered pursuant to the provisions of section 63 of the Insurance Law of New York, whereupon, the Superintendent of Insurance of New York…
2Cases cited8 opinions
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Phœnix Insurance v. Erie & Western Transportation Co.Supreme Court of the United States · 1886
- St. Louis, Iron Mountain & Southern Railway Co. v. Commercial Union InsuranceSupreme Court of the United States · 1891
- Charles E. Pearsall & Son v. CommissionerUnited States Board of Tax Appeals · 1934
- Farmers Life Ins. Co. v. CommissionerUnited States Board of Tax Appeals · 1932
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