Becker v. Commissioner
United States Tax Court
Petitioner had an option to purchase shares of stock of his employer under a restricted stock option plan which required written notice to the company's treasurer at St. Paul, Minn., of his intention to exercise his option, together with full payment. On June 14, 1960, he placed his signed notice and check in the company mail at its Ridgefield, N.J., office, where he was employed.
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Petitioner had an option to purchase shares of stock of his employer under a restricted stock option plan which required written notice to the company's treasurer at St. Paul, Minn., of his intention to exercise his option, together with full payment. On June 14, 1960, he placed his signed notice and check in the company mail at its Ridgefield, N.J., office, where he was employed. This mail, in normal course by air mail, would reach the St. Paul office on June 15. The stock certificate was issued June 20. Petitioner sold the stock on the New York Stock Exchange on December 15, 1960. Held,…
1Opinion of the Court
George J. Becker and Isabelle Becker, Petitioners, v. Commissioner of Internal Revenue, Respondent
Becker v. Commissioner
Docket No. 5135-64
United States Tax Court
46 T.C. 613; 1966 U.S. Tax Ct. LEXIS 60;
August 12, 1966, Filed
Decision will be entered for the respondent.
Petitioner had an option to purchase shares of stock of his employer under a restricted stock option plan which required written notice to the company's treasurer at St. Paul, Minn., of his intention to exercise his option, together with full payment. On June 14, 1960, he placed his signed notice and check in the company mail at…
2Cases cited10 opinions
- Scott-Burr Stores Corp. v. WilcoxCourt of Appeals for the Fifth Circuit · 1952
- George W. S. Swenson and Ruth E. Swenson v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1962
- Sullivan v. CommissionerUnited States Tax Court · 1948
- Swenson v. CommissionerUnited States Tax Court · 1961
- Hooper v. CommissionerUnited States Board of Tax Appeals · 1932
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