Legal Opinion
Curcio v. Comm'r of Internal Revenue
Court of Appeals for the Second Circuit
Decided August 9, 2012No. Docket 10-3578-ag(L), 10-3585-ag(CON), 10-5004-ag(CON), 10-5072-ag(CON)PublishedCited by 19 opinions
1Opinion of the Court
CHIN, Circuit Judge:
In these consolidated cases, petitioners were owners of four small businesses that enrolled in purported life insurance plans for employees. Only the four principal owners and a stepson, however, were covered under the plans. The contributions to the plans — amounting to hundreds of thousands of dollars — were claimed as tax deductions by the businesses.
The Commissioner of Internal Revenue (the “Commissioner”) concluded that these contributions should not have been deducted because, inter alia, they were not “ordinary and necessary” business expenses within the meaning of…
2Cases cited18 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
- John C. Norton v. Sam's Club, Wal-Mart Corp., Wal-Mart Stores, Inc.Court of Appeals for the Second Circuit · 1998
- Commissioner v. HeiningerSupreme Court of the United States · 1943
13 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Kaufman v. Commisioner of Internal RevenuCourt of Appeals for the First Circuit · 2015
- Paul J. Elmer and Carol A. N. Elmer v. Indiana Department of RevenueIndiana Tax Court · 2015
- Cohen v. United StatesDistrict Court, S.D. New York · 2014
- Prosser v. CommissionerCourt of Appeals for the Second Circuit · 2015
- Vee's Marketing, Inc. v. United StatesCourt of Appeals for the Seventh Circuit · 2016
14 more not listed; retrieve them via the Exa API.