Kaufman v. Commissioner
United States Tax Court
After suffering a stroke in June 1953, decedent did not return to his job as managing officer of the Louisville Home Federal Savings and Loan Association, but was elected executive vice president and was consulted from time to time on affairs of the association.
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After suffering a stroke in June 1953, decedent did not return to his job as managing officer of the Louisville Home Federal Savings and Loan Association, but was elected executive vice president and was consulted from time to time on affairs of the association. He continued to receive the same annual salary until his death in January 1958. During the year 1955 decedent received the sum of $ 8,700 from his employer, of which amount decedents excluded $ 5,200 from their income as "sick pay." Held, petitioners have not established that any part of the payments made to decedent in 1955 is…
1Opinion of the Court
Beuce, Judge;
This proceeding involves a deficiency in income tax for the year 1955 in the amount of $1,255.89. The sole issue is whether an amount of $5,200 is properly excludible as “sick pay” under section 105 (d), I.R.C. 1954.
findings of fact.
Petitioners are the Estate of Leo P. Kaufman, deceased, Alph C. Kaufman, Executor, and the Estate of Ida W. Kaufman, deceased, Alph C. Kaufman, Executor.
Leo P. Kaufman, hereinafter referred to as the decedent, died on January 28, 1958, at the age of 87. Ida W. Kaufman, his wife, died in March 1959. Prior to their deaths the decedent and his wife…
2Cases cited1 opinion
- Miller Mfg. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1945
3Cited by30 opinions
- American Foundry v. CommissionerUnited States Tax Court · 1972
- Lang v. CommissionerUnited States Tax Court · 1963
- Larkin v. CommissionerUnited States Tax Court · 1967
- Estate of Leo P. Kaufman, Deceased, Alph C. Kaufman, and Estate of Ida W. Kaufman, Deceased, Alph C. Kaufman v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1962
- Stewart and Lillian Caplin v. United StatesCourt of Appeals for the Second Circuit · 1983
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