United States Steel Corp. v. Commissioner
United States Tax Court
Under the stock subscription plan here involved, where petitioner's employees could make application to purchase a limited number of shares of petitioner's stock and make deferred monthly payments therefor from wages, and petitioner agreed on its part to make certain credits to the employees' stock purchase accounts equaling the dividends paid on the company's common stock and other annual credits in the form of special benefits and additional compensation, which credits and…
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Under the stock subscription plan here involved, where petitioner's employees could make application to purchase a limited number of shares of petitioner's stock and make deferred monthly payments therefor from wages, and petitioner agreed on its part to make certain credits to the employees' stock purchase accounts equaling the dividends paid on the company's common stock and other annual credits in the form of special benefits and additional compensation, which credits and delivery of the stock were specifically conditioned upon the employee remaining in petitioner's service until the stock…
1Opinion of the Court
United States Steel Corporation, Petitioner, v. Commissioner of Internal Revenue, Respondent
United States Steel Corp. v. Commissioner
Docket No. 109169
United States Tax Court
2 T.C. 430; 1943 U.S. Tax Ct. LEXIS 100;
July 20, 1943, Promulgated
Decision will be entered for the petitioner.
Under the stock subscription plan here involved, where petitioner's employees could make application to purchase a limited number of shares of petitioner's stock and make deferred monthly payments therefor from wages, and petitioner agreed on its part to make certain credits to the employees' stock purchase…
2Cases cited3 opinions
- O'BRIEN v. MillerSupreme Court of the United States · 1897
- United States Steel Corp. v. CommissionerUnited States Tax Court · 1943
- Kruse v. Hudson County Consumers Brewing Co.New Jersey Court of Chancery · 1911