Legal Opinion
Golden v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided June 29, 1940No. 7198-7200PublishedCited by 12 opinions
1Opinion of the Court
CLARK, Circuit Judge.
The income tax repercussions of insuranee carried by corporations on the lives of their officers have turned upon the distinction between two simple classes of cases. The first is where the corporation receivcs the proceeds of such insurance as beneficiary named in the policy. The amounts so received are not taxable to it, they being within the statutory exclusion from gross income of “amounts received under a life insurance contract”, Revenue Act of 1934, sec. 22(b) (1), 26 U.S.C.A. lht.Rev.Acts, page 670, and see United States v. Supplee-Biddle Hardware Co., 265 U.S.…
2Cases cited15 opinions
- Chase National Bank v. United StatesSupreme Court of the United States · 1929
- United States v. Supplee-Biddle Hardware Co.Supreme Court of the United States · 1924
- Cummings v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1934
- Helvering v. ParkerCourt of Appeals for the Eighth Circuit · 1936
- Schuberth v. Prudential Insurance Co. of AmericaSuperior Court of Pennsylvania · 1925
10 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Sid Luckman and Estelle Luckman v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1969
- Bowers v. CommissionerUnited States Tax Court · 1955
- Francis H. W. Ducros and Phyllis A. Ducros v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1959
- Lewis v. O'MALLEYDistrict Court, D. Nebraska · 1943
- Doran v. CommissionerCourt of Appeals for the Ninth Circuit · 1957
7 more not listed; retrieve them via the Exa API.