Sibla v. Commissioner
United States Tax Court
1. Held: Petitioner, a Los Angeles, Calif., fireman, may not exclude or deduct from gross income amounts withheld from his salary during 1973 as contributions to the Los Angeles Firemen's Pension Fund.
Read the full summary
1. Held: Petitioner, a Los Angeles, Calif., fireman, may not exclude or deduct from gross income amounts withheld from his salary during 1973 as contributions to the Los Angeles Firemen's Pension Fund. Petitioner received a current economic benefit in 1973 from increased vested annuity rights at least equal in value to the amounts withheld from his salary. 2. Held, petitioner is not entitled to a deduction claimed because the value of the dollar declined in relation to gold or silver. 3. Held, petitioner is not entitled to a dependency exemption for his 21-year-old son, who did not receive…
1Opinion of the Court
Scott, Judge:
Respondent determined a deficiency in petitioner’s income tax for the calendar year 1973 in the amount of $1,240.
Each party has made certain concessions with respect to the issues raised by the pleadings. There remain for decision the following:(1) Whether petitioner in computing his income subject to tax is entitled to exclude or deduct amounts withheld from his salary for contributions to the Los Angeles Firemen’s Pension Fund;(2) Whether petitioner is entitled to a deduction of $12,983 from his adjusted gross income on the basis that the value of the United States dollar has…
2Cases cited22 opinions
- Cupp v. CommissionerUnited States Tax Court · 1975
- Burnet v. WellsSupreme Court of the United States · 1933
- United States v. BasyeSupreme Court of the United States · 1973
- Brodie v. CommissionerUnited States Tax Court · 1942
- Feistman v. CommissionerUnited States Tax Court · 1974
17 more not listed; retrieve them via the Exa API.
3Cited by50 opinions
- Lee E. Coombs and Judy B. Coombs v. Commissioner of Internal Revenue, James C. Cox v. United StatesCourt of Appeals for the Ninth Circuit · 1979
- Foil v. CommissionerUnited States Tax Court · 1989
- Moss v. CommissionerUnited States Tax Court · 1983
- Hellermann v. CommissionerUnited States Tax Court · 1981
- Sims v. CommissionerUnited States Tax Court · 1979
45 more not listed; retrieve them via the Exa API.