Legal Opinion
Knetsch v. United States
Supreme Court of the United States
Decided November 14, 1960No. 23PublishedCited by 802 opinions
1Opinion of the CourtJustice Brennan
This case presents the question of whether deductions from gross income claimed on petitioners’ 1953 and 1954 joint federal income tax returns, of $143,465 in 1953 and of $147,105 in 1954, for payments made by petitioner, Karl F. Knetsch, to Sam Houston Life Insurance Company, constituted “interest paid ... on indebtedness” within the meaning of § 23 (b) of the Internal Revenue Code of 1939 and § 163 (a) of the Internal Revenue Code of 1954.1 The Commissioner of Internal Revenue disallowed the deductions and determined a deficiency for each year. The petitioners paid the deficiencies and…
2Cases cited7 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Benjamin D. And Madeline Prentice Gilbert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Carl E. Weller and Emily I. Weller v. Commissioner of Internal Revenue, W. Stuart Emmons v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1959
- United States v. Robert Rutherford Bond and Margaret E. BondCourt of Appeals for the Fifth Circuit · 1958
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3Cited by802 opinions
- Bell v. WolfishSupreme Court of the United States · 1979
- Pension Benefit Guaranty Corporation v. White Consolidated Industries, Inc., C/o Ct Corporation Systems Registered AgentCourt of Appeals for the Third Circuit · 1993
- Dickerson v. United StatesSupreme Court of the United States · 2000
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Joseph Toussaint, Plaintiffs/appellees/cross-Appellants v. Daniel McCarthy Defendants/appellants/cross-AppelleesCourt of Appeals for the Ninth Circuit · 1986
797 more not listed; retrieve them via the Exa API.