U.S. Court of Appeals for the Third Circuit, 1966

Richard M. Glassner and Sylvia B. Glassner v. Commissioner of Internal Revenue

U.S. Court of Appeals for the Third Circuit · Decided March 28, 1966 · Staley, Smith, Freedman

360 F.2d 33; 17 A.F.T.R.2d (RIA) 651; 1966 U.S. App. LEXIS 6713 (Federal Reporter, Second Series)

Counsel

Richard M. Glassner, Newark, N. J., for petitioners., Robert H. Solomon, Tax Div., Dept, of Justice, Washington, D. C. (John B. Jones, Jr., Acting Asst. Atty. Gen., Lee A. Jackson, Meyer Rothwacks, Attys., Dept, of Justice, Washington, D. C., on the brief), for respondent.

Cases that cite this one

5 later published cases cite this decision.

Rodney v. Comm'r (United States Tax Court 1969)
Neonatology Associates, P.A. v. Commissioner (United States Tax Court 2000)
Stone v. Commissioner (United States Tax Court 1996)
Ragan v. Commissioner (United States Tax Court 1980)
Hanson v. Commissioner (United States Tax Court 1970)

This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.

Opinion

PER CURIAM.

The Tax Court sustained deficiencies in the petitioners’ income taxes for the years 1958, 1959 and 1960. It held that payments made by the husband taxpayer for premiums on life insurance policies which he obtained to secure his debts were not deductible because he was a ben *34 eficiary of the policies. Internal Revenue Code of 1954, § 264(a) (i). 1

It would serve no useful purpose to review the factual details of the argument here presented and the unfortunate position in which the husband taxpayer found himself.

On a careful consideration of the arguments made and of the briefs and record, it is clear that the decision of the Tax Court was correct.

The decision of the Tax Court therefore will be affirmed.

.. “No deduction shall be allowed for—

(1) 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 policy.”

Case-law data current through December 31, 2025. Source: CourtListener bulk data.