National Water Well Ass'n v. Commissioner
United States Tax Court
P, a trade association for the water well industry, is exempt from taxation as a business league under sec. 501(c)(6), I.R.C. 1954. As the group policyholder of an industry casualty insurance policy, P actively sponsors and promotes that insurance program. Under an agreement with the insurance company, P performs a variety of services for the insurance company and for the insurance brokerage company that manages that insurance program.
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P, a trade association for the water well industry, is exempt from taxation as a business league under sec. 501(c)(6), I.R.C. 1954. As the group policyholder of an industry casualty insurance policy, P actively sponsors and promotes that insurance program. Under an agreement with the insurance company, P performs a variety of services for the insurance company and for the insurance brokerage company that manages that insurance program. During the year in issue, P received a dividend from the insurance company in connection with that insurance program, part of which P distributed to those…
1Opinion of the Court
National Water Well Association, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
National Water Well Ass'n v. Commissioner
Docket No. 22420-83
United States Tax Court
92 T.C. 75; 1989 U.S. Tax Ct. LEXIS 8; 92 T.C. No. 7;
January 24, 1989. January 24, 1989, Filed
Decision will be entered for the respondent.
P, a trade association for the water well industry, is exempt from taxation as a business league under sec. 501(c)(6), I.R.C. 1954. As the group policyholder of an industry casualty insurance policy, P actively sponsors and promotes that insurance program. Under an agreement with…
2Cases cited26 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Commissioner v. GroetzingerSupreme Court of the United States · 1987
- E.A. Brannen and Frances K. Brannen v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1984
- Brannen v. CommissionerUnited States Tax Court · 1982
- Rose v. CommissionerUnited States Tax Court · 1987
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