1. Home
  2. Browse Decisions
  3. T.C.
  4. 37 T.C.
  5. 37 T.C. 605 (1962)
 

ESTATE OF CROCKER v. COMMISSIONER

Docket No. 88086.

37 T.C. 605 (1962)

ESTATE OF GERTRUDE H. CROCKER, DECEASED, WILLIAM G. PARROTT, JR., ADMINISTRATOR, AND WILLIAM W. CROCKER, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed January 5, 1962.

Attorney(s) appearing for the Case

Franklin C. Latcham, Esq., for the petitioners.

Donald G. Daiker, Esq., for the respondent.

Respondent determined a deficiency in income tax for the year 1955 in the amount of $14,178.67. The issues remaining for decision are (1) whether the petitioners made a bona fide sale of life insurance policies and (2), if so, whether the increment or profit realized upon the sale of these policies is taxable as ordinary income.

FINDINGS OF FACT.

Petitioners are a surviving husband and the estate of his deceased...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases