Legal Opinion
Amor F. Pierce and Ida Mae Pierce v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided December 28, 1962No. 17951PublishedCited by 32 opinions
1Per curiam
The question presented is whether deductions from gross income claimed on petitioners’ federal joint income tax return for the calendar year 1954 for payments made by them to the All Service Life Insurance Corporation of Phoenix, Arizona constituted “interest paid on indebtedness” within the meaning of section 163(a) of the Internal Revenue Code of 1954. The stipulated facts of the case are set out in the Tax Court’s opinion. 37 T.C. 1039.
The Tax Court determined that the instant case is controlled by the case of Knetsch v. United States, 364 U.S. 361, 81 S.Ct. 132, 5 L.Ed.2d 128 (1960). We…
2Cases cited3 opinions
- Knetsch v. United StatesSupreme Court of the United States · 1960
- Benjamin D. And Madeline Prentice Gilbert v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1957
- Danny Kaye and Sylvia Kaye v. Commissioner of Internal Revenue, Cy Howard v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1961
3Cited by32 opinions
- Bridges v. CommissionerUnited States Tax Court · 1963
- McLane v. CommissionerUnited States Tax Court · 1966
- Henry C. Minchin v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1964
- William K. Carpenter and Frances K. Carpenter v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1963
- Ellis Campbell, Jr., District Director of Internal Revenue v. Cen-Tex, Inc.Court of Appeals for the Fifth Circuit · 1967
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