Ackerman v. Commissioner
United States Board of Tax Appeals
Amounts received on account of accidental death under certain accident policies and under the double indemnity provisions of certain life insurance policies, held to represent amounts received "under policies taken out by the decedent upon his own life" and therefore includable in the gross estate of the decedent under the provisions of section 302(g), Revenue Act of 1924.
1Opinion of the Court
*636OPINION.
Littleton:
The petitioner contends that since the amounts received by the widow as beneficiary were receivable only by reason of the accident which resulted in the decedent’s death, these amounts were not receivable “ under policies taken out by decedent upon his own life ” and therefore should not be included in the value of his gross estate for estate-tax purposes. Section 302 (g) of the Revenue Act of 1924 provides as follows:
*637The value of the gross estate of the decedent shall be determined by including the value at the time of his death of all property, real or personal, tangible…
2Cases cited1 opinion
- Logan v. Fidelity & Casualty Co.Supreme Court of Missouri · 1898
3Cited by12 opinions
- In Re Estate of Marshal L. Noel, Deceased. William H. Frantz and Ruth M. Noel, Executors v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1964
- Estate of Montgomery v. Comm'rUnited States Tax Court · 1971
- Noel v. CommissionerUnited States Tax Court · 1962
- Goodenough v. CommissionerUnited States Board of Tax Appeals · 1933
- Ackerman v. CommissionerUnited States Board of Tax Appeals · 1929
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