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Articles 1 - 14 of 14

Full-Text Articles in Law

Taxation - Federal Income Tax - Commission Received By Life Insurance Agent On Policies Purchased By Him Held To Be Taxable Income, Roger W. Findley S.Ed. Dec 1959

Taxation - Federal Income Tax - Commission Received By Life Insurance Agent On Policies Purchased By Him Held To Be Taxable Income, Roger W. Findley S.Ed.

Michigan Law Review

Taxpayer was agent for eleven life insurance companies. From two of them he purchased policies on the lives of his business partner, three key employees, and his children. He paid the regular premiums and subsequently received standard first-year and renewal commissions. When taxpayer did not include these in his gross income, the Commissioner assessed deficiencies and was sustained by the district court, On appeal, held, affirmed. A commission received by a life insurance agent on a policy purchased by him is taxable income. Ostheimer v. United States, (3d Cir. 1959) 264 F. (2d) 789, cert. den. 80 S.Ct. …


Income Tax Differentials: A Symposium, Willard H. Pedrick Oct 1959

Income Tax Differentials: A Symposium, Willard H. Pedrick

Indiana Law Journal

No abstract provided.


Averaging Provisions Of The Code: Compensation From An Employment (Internal Revenue Code Of 1954, §1301), R. Harvey Chappell Jr. Oct 1959

Averaging Provisions Of The Code: Compensation From An Employment (Internal Revenue Code Of 1954, §1301), R. Harvey Chappell Jr.

William & Mary Law Review

No abstract provided.


Taxation - Federal Income Tax - Lessor's Right To Depreciation Allowances Under Long Term-Lease, E. Roger Frisch S.Ed. Jun 1959

Taxation - Federal Income Tax - Lessor's Right To Depreciation Allowances Under Long Term-Lease, E. Roger Frisch S.Ed.

Michigan Law Review

Plaintiff corporation leased its entire railroad property under a long-term lease subject to termination at the election of either party, or by breach of die lessee. The lessee agreed to preserve, replace, renew and maintain the property during the term and to return it upon termination "in at least as good condition as at the beginning of the term." Plaintiff, on the other hand, agreed to reimburse the lessee for all additions and betterments to the property which passed to him upon termination. The government disallowed plaintiff's claim for a tax refund based on its right to allow for depreciation, …


Federal Taxation - Tax Aspects Of Corporate Buy And Sell Agreement, Joel D. Tauber S.Ed. Feb 1959

Federal Taxation - Tax Aspects Of Corporate Buy And Sell Agreement, Joel D. Tauber S.Ed.

Michigan Law Review

It is the purpose of this comment to consider the tax problems connected with both types of "conventional" corporate buy and sell agreements. It should be recognized, however, that there are many questions of local law and business necessity that also exert influence on the use of such agreements.


Taxation - Federal Income Tax - Involuntary Conversion Treatment Afforded Sale Of Remaining Property After Partial Condemnation, Stevan Uzelac Feb 1959

Taxation - Federal Income Tax - Involuntary Conversion Treatment Afforded Sale Of Remaining Property After Partial Condemnation, Stevan Uzelac

Michigan Law Review

Petitioner owned two parcels of real estate across the street from each other which were used as one "economic unit" for purposes of a trucking terminal. One parcel was improved with a terminal building from which trucks would pick up and deliver their shipments, while the other was used as a parking lot for trucks not in use. Petitioner was forced to sell the parking lot under threat of condemnation. Since it was economically unfeasible to operate his business without a nearby parking lot, petitioner subsequently sold the terminal facilities and reinvested the proceeds from the sales of both properties …


Fellowships Grants Under The Internal Revenue Code Of 1954, Eugene Salisbury Jan 1959

Fellowships Grants Under The Internal Revenue Code Of 1954, Eugene Salisbury

Buffalo Law Review

Wrobleski v. Bingler, 58-2 U.S.T.C. -, 161 Fed. Supp. 901 (1958).


Excludability Of Quarters Allowance From Gross Income For Tax Purposes, Herbert Blumberg Jan 1959

Excludability Of Quarters Allowance From Gross Income For Tax Purposes, Herbert Blumberg

Buffalo Law Review

Boykin v. Commissioner of Internal Revenue, .__ F.2d __, CCH 1958 STAND. FED. TAX REP. (58-2 U.S. Tax Cas.) 119900 (8th Cir. Oct. 30, 1958).


State Taxation Of The Net Income From Interstate Business, Harry L. Snead Jr. Jan 1959

State Taxation Of The Net Income From Interstate Business, Harry L. Snead Jr.

University of Richmond Law Review

On February 24, 1959, the Supreme Court of the United States, in companion cases, held, by a 6-3 vote, that a state could levy a properly apportioned tax on the net income of a corporation doing a purely interstate business, provided there were sufficient "activities" within the state to justify a tax. NorthwesternStates PortlandCement Co. v. Minnesota, and Commissioner v. Stockham Valves and Fittings, Inc. Were this article a movie script, I would begin by portraying the separate meetings of two groups: the hastily summoned executive committee of the National Association of Manufacturers gravely, but vigorously, exploring means of avoiding …


Puerto Rico - Tax Haven Or Tax Trap, Marvin I. Kelner, Lloyd J. Fingerhut Jan 1959

Puerto Rico - Tax Haven Or Tax Trap, Marvin I. Kelner, Lloyd J. Fingerhut

Cleveland State Law Review

This article does not encompass the entire subject of foreign taxation but is limited to two specific questions involved therein: 1. Where does a sale take place for purposes of Federal Taxation? 2. If it is determined that the sale takes place partly within and partly without the U. S., how much of the income from such sales is taxable to the U. S.?


Taxation Of Fringe Benefits Of Employees, Lawrence R. Bloomenthal Jan 1959

Taxation Of Fringe Benefits Of Employees, Lawrence R. Bloomenthal

Cleveland State Law Review

To attract and hold well-qualified personnel, management is finding it increasingly important to offer numerous "fringe benefits." These may include payment of moving costs, country club memberships, providing temporary living expense allowances and even reimbursement for benefits surrendered upon leaving a previous employer. While of chief importance for officers and executive agents, these benefits are also important to all other employees.


Book Review, Gerald M. Ozan Jan 1959

Book Review, Gerald M. Ozan

Cleveland State Law Review

Reviewing Ernest R. Mortenson, Federal Tax Fraud Law, Bobbs-Merrill Co., 1958


The Unwarranted Tax Discrimination Against Creators Of Copyrighted Works And Literary, Musical, Or Artistic Compositions Or Similar Properties, Linza B. Inabnit Jan 1959

The Unwarranted Tax Discrimination Against Creators Of Copyrighted Works And Literary, Musical, Or Artistic Compositions Or Similar Properties, Linza B. Inabnit

Kentucky Law Journal

No abstract provided.


Income Tax--Liability Of A Life Insurance Beneficiary For Unpaid Income Taxes Of The Insured, John T. Bondurant Jan 1959

Income Tax--Liability Of A Life Insurance Beneficiary For Unpaid Income Taxes Of The Insured, John T. Bondurant

Kentucky Law Journal

No abstract provided.