Legal Opinion
Leyman Manufacturing Corp. v. United States
United States Court of Claims
Decided July 19, 1985No. Nos. 267-83T, 268-83TPublishedCited by 2 opinions
1Opinion of the Court
OPINION
REGINALD W. GIBSON, Judge:
These consolidated income tax cases come before the court on plaintiffs’ motion for partial summary judgment and defendant’s cross-motion thereto. At issue are the tax consequences of insurance premium costs provided by The Leyman Manufacturing Corporation (the “Company”), Docket No. 267-88T, to its president, Mr. Leyman, Docket No. 268-83T,1 during the taxable years 1976, 1977 and 1978. Plaintiffs allege that the insurance qualifies as group term life insurance under Section 79 of the Internal Revenue Code of 1954, deductible to the Company as a business…
2Cases cited18 opinions
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- Poller v. Columbia Broadcasting System, Inc.Supreme Court of the United States · 1962
- Esther HAYDEN, Plaintiff-Appellant, v. FIRST NATIONAL BANK OF MT. PLEASANT, TEXAS, a Corporation, Defendant-AppelleeCourt of Appeals for the First Circuit · 1979
- Impossible Electronics Techniques, Inc. v. Wackenhut Protective Systems, Inc.Court of Appeals for the Fifth Circuit · 1982
- Empire Electronics Co., Inc. v. United StatesCourt of Appeals for the Second Circuit · 1962
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3Cited by2 opinions
- Gregory Lumber Co. v. United StatesUnited States Court of Claims · 1986
- Disedare v. BrumfieldDistrict Court, E.D. Louisiana · 2024