John C. Nordt Co. v. Commissioner
United States Tax Court
1. Held, an amount of $ 3,046.32 paid by petitioner John C. Nordt Co., Inc., to Bertha C. Nordt during 1959 was for reasonable, current, and past services rendered by Bertha to the corporation, and is deductible by the corporation under section 162 (a) (1), I.R.C. 1954. 2. Held, the payments of $ 7,000 and $ 5,000 made by the corporation in 1960 and 1961, respectively, to surviving kin of an employee of the corporation satisfy all the requirements of ordinary and necessary…
Read the full summary
1. Held, an amount of $ 3,046.32 paid by petitioner John C. Nordt Co., Inc., to Bertha C. Nordt during 1959 was for reasonable, current, and past services rendered by Bertha to the corporation, and is deductible by the corporation under section 162 (a) (1), I.R.C. 1954. 2. Held, the payments of $ 7,000 and $ 5,000 made by the corporation in 1960 and 1961, respectively, to surviving kin of an employee of the corporation satisfy all the requirements of ordinary and necessary business expenses of the corporation, and are deductible by the corporation under section 404 (a) (5), I.R.C. 1954. 3.…
1Opinion of the Court
John C. Nordt Company, Inc., et al., 1 Petitioners, v. Commissioner of Internal Revenue, Respondent
John C. Nordt Co. v. Commissioner
Docket Nos. 578-64, 5951-64, 1153-65, 1154-65
United States Tax Court
46 T.C. 431; 1966 U.S. Tax Ct. LEXIS 81;
June 24, 1966, Filed
Decisions will be entered under Rule 50.
1. Held, an amount of $ 3,046.32 paid by petitioner John C. Nordt Co., Inc., to Bertha C. Nordt during 1959 was for reasonable, current, and past services rendered by Bertha to the corporation, and is deductible by the corporation under section 162 (a) (1), I.R.C. 1954.
2. Held, the payments of $…
2Cases cited13 opinions
- Lucas v. Ox Fibre Brush Co.Supreme Court of the United States · 1930
- Gladys W. Simpson v. United StatesCourt of Appeals for the Seventh Circuit · 1958
- Commissioner of Internal Revenue v. Fifth Avenue Coach Lines, Inc., Fifth Avenue Coach Lines, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1960
- General Smelting Co. v. CommissionerUnited States Tax Court · 1944
- Fifth Ave. Coach Lines,Inc. v. CommissionerUnited States Tax Court · 1959
8 more not listed; retrieve them via the Exa API.