Steffens v. Commissioner
United States Tax Court
Petitioner-husband has been a member of the board of directors of a natural gas utility since 1949. He also was a vice-president of this same utility until his retirement in 1971. After retiring he agreed to serve as a consultant to the utility and to serve no competitor as a consultant or advisor during the life of the agreement.
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Petitioner-husband has been a member of the board of directors of a natural gas utility since 1949. He also was a vice-president of this same utility until his retirement in 1971. After retiring he agreed to serve as a consultant to the utility and to serve no competitor as a consultant or advisor during the life of the agreement. He has not served any other business as a director, consultant or advisor at any time, nor has he held himself out as available for such positions. Both petitioners were partners in a partnership which, by its original information returns, showed that petitioners'…
1Opinion of the Court
FRED W. and MARGARET T. STEFFENS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
Steffens v. Commissioner
Docket Nos. 7636-78, 3620-79
United States Tax Court
T.C. Memo 1981-637; 1981 Tax Ct. Memo LEXIS 105; 42 T.C.M. (CCH) 1585; T.C.M. (RIA) 81637;
October 29, 1981; Reversed and Remanded June 16, 1983
Petitioner-husband has been a member of the board of directors of a natural gas utility since 1949. He also was a vice-president of this same utility until his retirement in 1971. After retiring he agreed to serve as a consultant to the utility and to serve no competitor as a consultant…
2Cases cited45 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Higgins v. CommissionerSupreme Court of the United States · 1941
- Roberts v. CommissionerUnited States Tax Court · 1974
- Halle v. CommissionerUnited States Tax Court · 1946
- J. E. Riley Investment Co. v. CommissionerSupreme Court of the United States · 1940
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