Henry E. Prunier v. Commissioner of Internal Revenue

MAGRUDER, Chief Judge.

There is now before us a joint petition for review of two decisions of the Tax Court entered on April 12, 1957 — one determining that there is a deficiency in income tax of Henry E. Prunier and wife for the taxable year 1950 in the amount of $1,080.88, the other determining that there is a deficiency in income tax of Joseph E. Prunier and wife for the same taxable year in the amount of $1,348.98. The Tax Court (three judges dissenting) thus sustained a determination by the Commissioner that certain premiums paid by the corporation J. S. Prunier & Sons, Inc., on insurance…