A number of questions dealing with the taxability of commercial annuity policies under death tax statutes have received judicial consideration. By contrast, only a few questions dealing with the taxability of these contracts under income tax laws have been raised before the courts. But the income tax problems are equally important in terms of tax liability. Moreover, they will in the future assume an even larger significance in view of the large number of annuity contracts of various types which have been issued and are now being offered by insurance companies. Accordingly some explanation of these problems is warranted.
TAXATION OF ANNUITY CONTRACTS UNDER FEDERAL INCOME TAX,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol40/iss7/4