Karem v. Commissioner
United States Tax Court
P-H received a lump-sum distribution from a qualified pension plan in 1987. Pursuant to a Louisiana judgment partitioning community property of P-H and his former wife rendered the following year, one-half of the lump sum was paid to the former wife. Ps, electing 10-year averaging treatment with respect to the lump-sum distribution, reported one-half of the taxable portion of the distribution on Form 4972, Tax on Lump-Sum Distributions.
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P-H received a lump-sum distribution from a qualified pension plan in 1987. Pursuant to a Louisiana judgment partitioning community property of P-H and his former wife rendered the following year, one-half of the lump sum was paid to the former wife. Ps, electing 10-year averaging treatment with respect to the lump-sum distribution, reported one-half of the taxable portion of the distribution on Form 4972, Tax on Lump-Sum Distributions. R determined that Ps are taxable on 100 percent of the taxable portion of the distribution. Ps contend that they are not liable for tax on the portion of the…
1Opinion of the Court
ROBERT L. KAREM AND HAZEL W. KAREM, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Karem v. Commissioner
Docket No. 715-91
United States Tax Court
100 T.C. 521; 1993 U.S. Tax Ct. LEXIS 34; 100 T.C. No. 34; 16 Employee Benefits Cas. (BNA) 2728;
June 14, 1993, Filed
Decision will be entered under Rule 155.
P-H received a lump-sum distribution from a qualified pension plan in 1987. Pursuant to a Louisiana judgment partitioning community property of P-H and his former wife rendered the following year, one-half of the lump sum was paid to the former wife. Ps, electing 10-year averaging…
2Cases cited7 opinions
- Ablamis v. RoperCourt of Appeals for the Ninth Circuit · 1991
- Darby v. CommissionerUnited States Tax Court · 1991
- United Association of Journeymen & Apprentices of the Plumbing & Pipefitting Industry of the United States & Canada Local 198 v. MyersDistrict Court, M.D. Louisiana · 1980
- Karem v. CommissionerUnited States Tax Court · 1993
- Burton v. CommissionerUnited States Tax Court · 1992
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