 Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included...  Laws of the State of New York - Page 761by New York (State) - 1935Full view - About this book
 | United States. Board of Tax Appeals - 1942 - 1324 pages
...Included In gross Income and sball be exempt from taxation under this title : (1) Lira INSURANCE. — Amounts received under a life insurance contract paid...an agreement to pay Interest thereon, the interest payment* shall be Included in gross income) ; and its officers were meticulously circumscribed in their... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 pages
...included in gross income and shall be exempt from taxation under this chapter: (1) LIFE INSURANCE. — Amounts received under a life insurance contract paid...payments shall be included in gross income); . (2) ANNUITIES, ETC. — (A) In General. — Amounts received (other than amounts paid by reason of the... | |
 | United States. Congress. House. Committee on Ways and Means - 1958 - 1176 pages
...Code of 1954 providing an exception to the general rule limiting the exclusion from gross income of amounts received under a life insurance contract paid by reason of the death of the insured be extended to certain additional categories; and 20675 O— 58— pt. 3 26 ngtrmn i; :... | |
 | United States. Tax Court - 1959 - 1372 pages
...Cong., 1st Sess. (1951), p. 50), it is stated: 8. Death benefits to employees under a life-insurance contract paid by reason of the death of the insured, whether In a single sum or otherwise. However, by its terms, this provision is limited to life-insurance payments, and the exclusion does... | |
 | 1969 - 1404 pages
...recipient. (1) PROCEEDS OF LIFE-INSURANCE POLICIES.—-The proceeds of life-insurance policies paid by reason of the death of the insured, whether in a single...interest payments shall be included in gross income). (B) EMPLOYEES' ANNUITIES.—If an annuity contract is purchased by an employer for an employee under... | |
 | United States. Tax Court - 1950 - 1992 pages
...Included In gross Income and shall be exempt from taxation under this chapter : (1) LIFE INSURANCE. — Amounts received under a life Insurance contract paid...In a single sum or otherwise (but If such amounts a re held by the Insurer under an agreement to pa; Interest thereon, the Interest payments shall be... | |
 | United States. Tax Court - 1954 - 1200 pages
...Included In gross Income and shall be exempt from taxation under this chapter : (!)• LIFE INSURANCE. — Amounts received under a life Insurance contract paid...Insured, whether In a single sum or otherwise (but If each amounts are held by the Insurer under an agreement to pay Interest thereon, the Interest (104)... | |
 | United States. Tax Court - 1950 - 1992 pages
...In gross Income and shall be exempt from taxation under this chapter: (1) LIFE INSURANCE.—Amounts received under a life Insurance contract paid by reason...the Insured, whether In a single sum or otherwise (bnt If such amounts are held by the Insurer under an agreement to pay Interest thereon, the Interest... | |
 | United States. Internal Revenue Service - 1978 - 630 pages
...excluded from gross income as life insurance proceeds, paid by reason of the death of the insured, is held sury, Internal Revenue Service Secion 451 (a) of the Code provides that the amount of any item of gross income shall be included in... | |
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