Taylor v. Comm'r
United States Tax Court
P was a North Carolina fireman for over 24 years before retiring on disability in 1991. At that time he began receiving from LGERS a disability retirement allowance computed with reference to his age, length of service, and average final compensation. In a later year he also began receiving an FRSWPF pension.
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P was a North Carolina fireman for over 24 years before retiring on disability in 1991. At that time he began receiving from LGERS a disability retirement allowance computed with reference to his age, length of service, and average final compensation. In a later year he also began receiving an FRSWPF pension. For 2012 P received information returns from LGERS and FRSWPF showing taxable distributions of $34,829 and $2,000, respectively, but reported only $2,324 of taxable retirement income. For 2012 P also failed to report as income certain distributions, an error he has since conceded. Held:…
1Opinion of the Court
JACK HOWARD TAYLOR, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Taylor v. Comm'r
Docket No. 17349-15
United States Tax Court
T.C. Memo 2017-132; 2017 Tax Ct. Memo LEXIS 134; 114 T.C.M. (CCH) 21;
July 5, 2017, Filed
Decision will be entered for respondent.
P was a North Carolina fireman for over 24 years before retiring on disability in 1991. At that time he began receiving from LGERS a disability retirement allowance computed with reference to his age, length of service, and average final compensation. In a later year he also began receiving an FRSWPF pension. For 2012 P received…
2Cases cited13 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- K Mart Corp. v. Cartier, Inc.Supreme Court of the United States · 1988
- Commissioner v. SchleierSupreme Court of the United States · 1995
- Commissioner of Internal Revenue v. NewmanCourt of Appeals for the Second Circuit · 1947
- Graves v. CommissionerUnited States Tax Court · 1987
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