Kinnear v. Commissioner
United States Board of Tax Appeals
The petitioner was the beneficiary under certain insurance policies under the terms of which the insurer was annually to pay to her 3 per cent interest and apportioned dividends on the face value of the policies, and on her death the principal sum was to be paid to other beneficiaries. Held that annual payment to petitioner is properly includable in gross income. (Section 213(b)(1), Revenue Act of 1926.)
1Opinion of the Court
EDITH M. KINNEAR, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Kinnear v. Commissioner
Docket No. 38158.
United States Board of Tax Appeals
20 B.T.A. 718; 1930 BTA LEXIS 2055;
September 9, 1930, Promulgated
The petitioner was the beneficiary under certain insurance policies under the terms of which the insurer was annually to pay to her 3 per cent interest and apportioned dividends on the face value of the policies, and on her death the principal sum was to be paid to other beneficiaries. Held that annual payment to petitioner is properly includable in gross income. (Section…
2Cases cited1 opinion
- Kinnear v. CommissionerUnited States Board of Tax Appeals · 1930