Helvering v. Eubank

311 U.S. 122 (1940)

Purchase the Printed Copy at bsmsphd.com

Nature of the Case

To access this section all you need to do is click here and register.

Facts

Eubank (P) was a general life insurance agent, and after the termination of his agency contracts and services as an agent, he made assignments in 1924 and 1928 of renewal commissions for two policies he had written. The Commissioner determined the commissions paid to the assignees was income taxable to the assignor in the year paid under section 61.