Allis v. La Budde

DUFFY, District Judge.

This is an action to recover certain federal income taxes paid by plaintiff which were assessed against her income for the years 1934 and 1935. Charles Allis, the husband of plaintiff, died on July 22, 1918. At the time of his death there were outstanding, and in force, six insurance policies on his life. The plaintiff was named as the sole beneficiary. The total face value or principal sum of said policies was $251,000. Previous to Mr. Allis’ death, he had exercised options offered in each of the policies, providing that upon his death the insurer’s liability under each…