Fifteenth & Chestnut Realty Co. v. Commissioner
United States Board of Tax Appeals
Amounts paid by a corporation to the estate of a deceased officer equal to the salary formerly paid him during his life held not deductible.
1Opinion of the Court
*1031OPINION.
Steenhagen :
We are of opinion that the payments made by petitioner to the estate of its deceased officer were not “ salaries or other compensation for personal services actually rendered,” nor were they in any other respect “ ordinary and necessary expenses paid or *1032incurred during the taxable year in carrying on any trade or business,” section 23 (a), Revenue Act 1928. The estate as such could render no “ personal services ” as an officer or director of the corporation ; but, more important, the evidence here shows none. Irwin was performing some service for the corporation and was at…
2Cases cited8 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Brown v. HelveringSupreme Court of the United States · 1934
- United States v. Philadelphia Knitting Mills Co.Court of Appeals for the Third Circuit · 1921
- Gould-Mersereau Co. v. CommissionerUnited States Board of Tax Appeals · 1931
3 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Acme Land & Fur Co. v. CommissionerUnited States Board of Tax Appeals · 1934
- Brush-Moore Newspapers, Inc. v. CommissionerUnited States Board of Tax Appeals · 1935
- Fifteenth & Chestnut Realty Co. v. CommissionerUnited States Board of Tax Appeals · 1934
- Golden Constr. Co. v. CommissionerUnited States Tax Court · 1954
- Home Sales Co. v. CommissionerUnited States Tax Court · 1957
1 more not listed; retrieve them via the Exa API.