Twogood v. Commissioner
United States Tax Court
After 30 years of foreign service in the employ of the Standard Oil Company of New York and its successor companies, the decedent was entitled to retire on an annuity for the remainder of his life under the provisions of a pension plan inaugurated by the employer.
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After 30 years of foreign service in the employ of the Standard Oil Company of New York and its successor companies, the decedent was entitled to retire on an annuity for the remainder of his life under the provisions of a pension plan inaugurated by the employer. Five years prior to the date of his retirement, the decedent elected, under an option provided in the pension plan, to take a reduced annuity on his retirement and in the event his designated dependent survived him, that dependent would receive an annuity for life. Held, under section 811 (c), I. R. C., as amended by P. L. 378…
1Opinion of the Court
Estate of Frederick John Twogood, Deceased, Frances F. Twogood, Executrix, Petitioner, v. Commissioner of Internal Revenue, Respondent
Twogood v. Commissioner
Docket No. 20638
United States Tax Court
15 T.C. 989; 1950 U.S. Tax Ct. LEXIS 4;
December 29, 1950, Promulgated
Decision will be entered under Rule 50.
After 30 years of foreign service in the employ of the Standard Oil Company of New York and its successor companies, the decedent was entitled to retire on an annuity for the remainder of his life under the provisions of a pension plan inaugurated by the employer. Five years prior to the date…
Also in this document: Concurrence.
2Cases cited3 opinions
- Higgs v. CommissionerUnited States Tax Court · 1949
- Twogood v. CommissionerUnited States Tax Court · 1950
- Pruyn v. CommissionerUnited States Tax Court · 1949