 | United States. Tax Court - Taxation - 1943 - 1330 pages
...be allowed In respect of — ******* (4) Premiums paid on any life insurance policy covering the Hfe of any officer or employee, or of any person financially...directly or indirectly a beneficiary under such policy. Therefore, since Products Co. could not deduct from its gross income these annual insurance premiums... | |
 | United States. Tax Court - Government publications - 1984 - 1120 pages
...CONNECTION WITH INSURANCE CONTRACTS. (a) GENERAL RULE. — No deduction shall be allowed for — (1) Premiums paid on any life insurance policy covering...directly or indirectly a beneficiary under such policy. See also sec. 1.264-1 (b). Income Tax Regs.; cf. D'Angelo Associates, Inc. v. Commissioner, 70 TC 121,... | |
 | Administrative law - 1967 - 682 pages
...connection with insurance contracts — (a) General rule. No deduction shall be allowed for — (1) Premiums paid on any life insurance policy covering...directly or indirectly a beneficiary under such policy. (2) Any amount paid or accrued on indebtedness incurred or continued to purchase or carry a single... | |
 | Group insurance - 1984 - 44 pages
...incurred or continued to pur10 Sec. 2fi4(aXl) also provides that no deduction shall be allowed for premiums paid on any life insurance policy covering...directly or indirectly a beneficiary under such policy. 1 1 H Rep. 2333, 77th Cong., 2d Seas. 47 (1942). chase a single premium life insurance or endowment... | |
 | United States. Congress. Joint Committee on Taxation - Business & Economics - 1997 - 592 pages
...insured (sec. 101(a)). Premium deduction limitation Under prior law, no deduction was permitted for premiums paid on any life insurance policy covering...directly or indirectly a beneficiary under such policy (sec. 264(a)(1)). Interest deduction disallowance with respect to life insurance Generally, no deduction... | |
 | Administrative law - 1954 - 1390 pages
...estate, except expenditures for the development of mines or deposits deductible under section 23 (cc>; (3) Any amount expended In restoring property or in...directly or Indirectly a beneficiary under such policy; (5) Any amount otherwise allowable as a deduction which Is allocable to one or more classes of Income... | |
 | United States. Tax Court - Law reports, digests, etc - 1953 - 1374 pages
...RULE. — In computing net Income no deduction shall In any case be allowed In respect of — ******* (4) Premiums paid on any life Insurance policy covering...directly or Indirectly a beneficiary under such policy ; We find that in order to obtain credit originally, petitioner had to obligate itself in the 1936... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1957 - 1326 pages
...CONNECTION WITH INSURANCE CONTRACTS. (a) GENERAL RULE. — No deduction sliall be allowed for — (1) e bonds or debentures Issued prior to October 1, 1942,...which is preferred stock by reason of this sentence), (2) Any amount paid or accrued on indebtedness incurred or continued to purchase or carry a single... | |
 | Administrative law - 1966 - 664 pages
...connection with insurance contracts — (a) General rule. No deduction shall be allowed for — (1) Premiums paid on any life insurance policy covering...directly or indirectly a beneficiary under such policy. (2) Any amount paid or accrued on indebtedness incurred or continued to purchase or carry a single... | |
 | United States. Internal Revenue Service - Taxation - 1928 - 406 pages
...That in computing net income, no deduction shall in any case be allowed in respect of — * * * (d) Premiums paid on any life insurance policy covering...directly or indirectly a beneficiary under such policy. In the first place, life insurance premiums paid upon policies issued upon the life of a taxpayer are... | |
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Premiums paid on any life insurance policy covering the life of any officer or employee, or of any person financially interested in any trade or business carried on by the taxpayer, when the taxpayer is directly or indirectly a beneficiary under such... 
