HELVERING V. EUBANK
311 U.S. 122 (1940)
NATURE OF THE CASE: This was a companion case to Helvering v. Horst and presented issues
not distinguishable from those in the Horst case.
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.
ISSUE:
RULE OF LAW:
HOLDING AND DECISION:
LEGAL ANALYSIS:
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