Howell v. Commissioner
United States Board of Tax Appeals
1. The decedent was manager of an insurance "Exchange" and through powers of attorney issued to him by subscribers thereof he was authorized to deduct 30 per cent of all moneys received by said Exchange in consideration of his defraying, with certain exceptions, all expenses incident to conducting the Exchange.
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1. The decedent was manager of an insurance "Exchange" and through powers of attorney issued to him by subscribers thereof he was authorized to deduct 30 per cent of all moneys received by said Exchange in consideration of his defraying, with certain exceptions, all expenses incident to conducting the Exchange. Because of the reserve requirements of the State insurance departments, the practice of paying dividends to its subscribers and certain agreements entered into with the advisory committee of said Exchange and understandings had with and instructions from the insurance department of the…
1Opinion of the Court
CHARLES M. HOWELL, ADMINISTRATOR, ESTATE OF BRUCE DODSON, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Howell v. Commissioner
Docket Nos. 7382, 24464.
United States Board of Tax Appeals
21 B.T.A. 757; 1930 BTA LEXIS 1795;
December 17, 1930, Promulgated
1. The decedent was manager of an insurance "Exchange" and through powers of attorney issued to him by subscribers thereof he was authorized to deduct 30 per cent of all moneys received by said Exchange in consideration of his defraying, with certain exceptions, all expenses incident to conducting the Exchange. Because of the reserve…
2Cases cited11 opinions
- Russell v. United StatesSupreme Court of the United States · 1929
- Brander v. CommissionerUnited States Board of Tax Appeals · 1925
- Cappellini v. CommissionerUnited States Board of Tax Appeals · 1929
- Howell v. CommissionerUnited States Board of Tax Appeals · 1930
- Wells Bros. Co. v. CommissionerUnited States Board of Tax Appeals · 1929
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