Legal Opinion
Economy Finance Corp. v. United States
Court of Appeals for the Seventh Circuit
Decided July 16, 1974No. Nos. 72-2024, 72-2025PublishedCited by 22 opinions
1Opinion of the Court
SPRECHER, Circuit Judge.
These consolidated appeals involve the qualification of National Public Life Insurance Company1 and United Public Life Insurance Company (taxpayers) for tax treatment under 26 U.S.C. § 801 as life insurance companies.
I
During the taxable year of 1959, National Public Life Insurance Company (National Life), a wholly owned subsidiary of Economy Finance Corporation, was engaged in reinsurance as a Delaware corporation. The stockholders of Economy Finance, an Indiana corporation engaged in consumer lending and finance, were William L. Schloss, his wife, and his children (as…
2Cases cited9 opinions
- Commissioner v. HansenSupreme Court of the United States · 1959
- Penn Mutual Life Insurance v. LedererSupreme Court of the United States · 1920
- United States v. Atlas Life Insurance Co.Supreme Court of the United States · 1965
- Alinco Life Insurance Company v. The United StatesUnited States Court of Claims · 1967
- Jefferson Standard Life Insurance Company v. United States of America, (Two Cases). Jefferson Standard Life Insurance Company v. United States of America, (Two Cases)Court of Appeals for the Fourth Circuit · 1969
4 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- United States v. Consumer Life Insurance Co.Supreme Court of the United States · 1977
- Union Bankers Ins. Co. v. CommissionerUnited States Tax Court · 1975
- United Fire Insurance Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1985
- Aetna Life Insurance v. United StatesUnited States Court of Claims · 1989
- Central National Life Insurance Co. of Omaha v. United StatesUnited States Court of Claims · 1978
17 more not listed; retrieve them via the Exa API.