Clise v. Commissioner
United States Board of Tax Appeals
1. For estate tax purposes, section 811(g), Internal Revenue Code, a policy taken out by the decedent upon her own life the proceeds of which are receivable by beneficiaries other than her estate is to be regarded as insurance, irrespective of the contemporaneous issuance to her of an annuity contract as a condition of the issuance of the policy.
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1. For estate tax purposes, section 811(g), Internal Revenue Code, a policy taken out by the decedent upon her own life the proceeds of which are receivable by beneficiaries other than her estate is to be regarded as insurance, irrespective of the contemporaneous issuance to her of an annuity contract as a condition of the issuance of the policy. Estate of Anna M. Keller,39 B.T.A. 1047, followed. 2. An annuity was purchased by the decedent within two years of death, payable to himself for life and thereafter to another for life. The annuitant had no right to commute the payments or change the…
1Opinion of the Court
CHARLES F. CLISE AND JAMES W. CLISE, JR., AS EXECUTORS OF THE ESTATE OF ANNA H. CLISE, DECEASED, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Clise v. Commissioner
Docket No. 96151.
United States Board of Tax Appeals
41 B.T.A. 820; 1940 BTA LEXIS 1142;
April 11, 1940, Promulgated
1. For estate tax purposes, section 811(g), Internal Revenue Code, a policy taken out by the decedent upon her own life the proceeds of which are receivable by beneficiaries other than her estate is to be regarded as insurance, irrespective of the contemporaneous issuance to her of an annuity contract as a…
2Cases cited12 opinions
- Hassett v. WelchSupreme Court of the United States · 1938
- May v. HeinerSupreme Court of the United States · 1930
- Helvering v. ButterworthSupreme Court of the United States · 1933
- Burnet v. WhitehouseSupreme Court of the United States · 1931
- Cyrus H. McCormick v. David BurnetSupreme Court of the United States · 1931
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