 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. Tax Court - 1943 - 1330 pages
...this chapter : (1) LIFE INSDHANCE. — Amounts received under a life insurance contract paid by re=~ of the death of the insured, whether in a single sum or otherwise (but if such amo^^^u" " are held by the Insurer under an agreement to pay interest thereon, the interest paync^... | |
 | United States. Tax Court - 1945 - 1364 pages
...suggests no answer to their applicability. Section 22 (b) (1), quoted in the footnote No. 1, provides that "amounts received under a life insurance contract paid by reason of the death of the insured * * *" "shall not be included in gross income and shall be exempt from taxation * * *."... | |
 | United States. Tax Court - 1950 - 1678 pages
...insurance contracts, that even though paid in the form of an annuity, periodic payments which con-stitute "Amounts received under a life insurance contract paid by reason of the death of the insured'' fall within the exemption granted in section 22 (b) (1), supra. Accordingly, the mere... | |
 | United States. Congress. House. Committee on Ways and Means - 1973 - 564 pages
...later. (j) Interest. — Notwithstanding any other provision of this section, if any amount is held under an agreement to pay interest thereon, the interest payments shall be included in gross income. (k) Payments in Discharge of Alimony. — (1) In general. — This section shall not apply to so much... | |
 | 1967 - 682 pages
...(relating to life insurance proceeds) or section 101 (b) (relating to employees' death benefits) is held under an agreement to pay interest thereon, the interest payments shall be included in gross income. This provision applies to payments made (either by an insurer or by or on behalf of an employer) of... | |
 | 1949 - 774 pages
...immaterial whether the proceeds are received in a single sum or otherwise. If, however, such proceeds are held by the insurer under an agreement to pay interest thereon, the interest payments must be included in gross income. [TD 6515, 11 FR 5474] § 29.22 (b) (2)-1 Life insurance; endowment... | |
 | 1980 - 928 pages
...(relating to life insurance proceeds) or section 101(b) (relating to employees' death benefits) is held under an agreement to pay interest thereon, the interest payments shall be included in gross income. This provision applies to payments made (either by an insurer or by or on behalf of an employer) of... | |
 | United States. Congress. Senate. Committee on Finance - 1995 - 452 pages
...insurance contract ("inside buildup").64 Further, an exclusion from Federal income tax is provided for amounts received under a life insurance contract paid by reason of the death of the insured (sec. 101(a)). The policyholder may borrow with respect to the life insurance contract... | |
 | United States. Congress. Senate. Committee on the Budget - 1995 - 1006 pages
...insurance contract ("inside buildup").64 Further, an exclusion from Federal income tax is provided for amounts received under a life insurance contract paid by reason of the death of the insured (sec. 101(a)). The policyholder may borrow with respect to the life insurance contract... | |
 | 1996 - 178 pages
...insurance contract ("inside buildup").32 Further, an exclusion from Federal income tax is provided for amounts received under a life insurance contract paid by reason of the death of the insured (sec. 101(a)). The policyholder may borrow with respect to the life insurance contract... | |
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