DRUMMOND CITIZENS INSURANCE CO. v. UNITED STATES

No. LR-68-C-67.

298 F.Supp. 692 (1969)

DRUMMOND CITIZENS INSURANCE CO. (Formerly Citizens Burial Insurance Co.), a Corporation, Plaintiff, v. UNITED STATES of America, Defendant.

United States District Court E. D. Arkansas, Western Division.

April 18, 1969.


Attorney(s) appearing for the Case

E. J. Ball, Fayetteville, Ark., for plaintiff.

W. H. Dillahunty, U. S. Atty., Eastern Dist. of Ark., Little Rock, Ark., John O. Jones, Atty. in Charge, Dept. of Justice, Tax Div., Fort Worth, Tex., for defendant.


Memorandum Opinion

HENLEY, Chief Judge.

This tax refund suit, which is now before the Court on the cross motions of the parties for summary judgment, involves the 1962 federal income tax liability of Citizens Burial Insurance Co. of West Memphis, Arkansas, hereinafter Citizens, which during the tax year in question, and during prior and subsequent years, was an Arkansas life insurance company chartered as a "stipulated premium" insurer under the provisions...

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