Estate of Keller v. Commissioner, 312 U.S. 543 (1941)

Estate of Keller v. Commissioner of Internal Revenue


No. 371


Argued January 10, 1941
Decided March 3, 1941
312 U.S. 543

CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT

Syllabus

1. Decided in part upon the authority of Helvering v. Le Gierse, ante, p. 531. P. 543.

2. That a physical examination was not required is inconclusive as to the nonexistence of an "insurance risk." P. 544.

3. That the premium might not earn enough to cover profitably the annuity payable to the decedent, or that there was a miscalculation of the proper total consideration, does not in this case establish the existence of an "insurance risk." P. 544.

113 F.2d 833 affirmed.

Certiorari, 311 U.S. 630, to review a judgment reversing a decision of the Board of Tax Appeals, 39 B.T.A. 1047, disapproving of a deficiency estate tax assessment.