Myers v. Commissioner
United States Tax Court
Petitioner, as beneficiary, received the proceeds of a policy of insurance upon the life of her deceased husband. The decedent owed the United States Government an amount in respect of his income tax liability, but his estate was insolvent and unable to satisfy that obligation. Premiums on the policy had been paid by him in amounts not exceeding $ 500 per annum.
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Petitioner, as beneficiary, received the proceeds of a policy of insurance upon the life of her deceased husband. The decedent owed the United States Government an amount in respect of his income tax liability, but his estate was insolvent and unable to satisfy that obligation. Premiums on the policy had been paid by him in amounts not exceeding $ 500 per annum. Held, in the light of Commissioner v. Stern, 357 U.S. 39, and United States v. Bess, 357 U.S. 51, (both decided June 9, 1958) petitioner's liability under the above facts as a transferee must be determined by reference to State law.…
1Opinion of the Court
Helen E. Myers, Petitioner, v. Commissioner of Internal Revenue, Respondent
Myers v. Commissioner
Docket No. 59752
United States Tax Court
30 T.C. 714; 1958 U.S. Tax Ct. LEXIS 151;
June 25, 1958, Filed
Decision will be entered for the petitioner.
Petitioner, as beneficiary, received the proceeds of a policy of insurance upon the life of her deceased husband. The decedent owed the United States Government an amount in respect of his income tax liability, but his estate was insolvent and unable to satisfy that obligation. Premiums on the policy had been paid by him in amounts not exceeding $ 500 per…
2Cases cited4 opinions
- United States v. BessSupreme Court of the United States · 1958
- Commissioner v. SternSupreme Court of the United States · 1958
- Judson v. WalkerSupreme Court of Missouri · 1900
- Myers v. CommissionerUnited States Tax Court · 1958