Legal Opinion
Liberty National Life Insurance Company, Cross-Appellant v. United States of America, Cross-Appellee
Court of Appeals for the Eleventh Circuit
Decided May 14, 1987No. 86-7059PublishedCited by 4 opinions
1Opinion of the Court
TJOFLAT, Circuit Judge:
Liberty National Life Insurance Company (Liberty National) brought this suit seeking a refund of federal income taxes assessed and paid for the years 1970 to 1977. The district court held that Liberty National was entitled to a refund of $7,321,847.57, plus additional statutory interest, because the Commissioner improperly rejected its method of allocating profit-sharing contributions based on the “source of the income” theory. In addition, the court rejected Liberty National’s contention that a portion of discounts it granted for pre-payment of insurance premiums…
2Cases cited9 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- G. Douglas Burck and Marjorie W. Burck v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1976
- Thomas M. Ferrill, Jr. And Louise B. Ferrill v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1982
- Liberty Life Insurance Company, Plaintiff-Appellee-Cross-Appellant v. United States of America, Defendant-Appellant-Cross-Appellee. Liberty Life Insurance Company, Plaintiff-Appellant-Cross-Appellee v. United States of America, Defendant-Appellee-Cross-AppellantCourt of Appeals for the Fourth Circuit · 1979
- New World Life Ins. Co. v. United StatesUnited States Court of Claims · 1939
4 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Principal Mutual Life Insurance v. United StatesUnited States Court of Claims · 1992
- Life Insurance v. United StatesUnited States Court of Claims · 1989
- Phoenix Mut. Life Ins. Co. v. CommissionerUnited States Tax Court · 1991
- Phoenix Mut. Life Ins. Co. v. CommissionerUnited States Tax Court · 1991