Crow-Burlingame Co. v. Commissioner
United States Tax Court
1. On December 11, 1943, petitioner's directors passed a resolution approving the establishment of an employees' pension plan and trust and appropriated irrevocably $ 30,000 thereto. On December 15, 1943, a tentative trust agreement was executed. The plan and trust were to meet with the approval of the governmental units having jurisdiction over them. Petitioner's employees were notified of this action.
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1. On December 11, 1943, petitioner's directors passed a resolution approving the establishment of an employees' pension plan and trust and appropriated irrevocably $ 30,000 thereto. On December 15, 1943, a tentative trust agreement was executed. The plan and trust were to meet with the approval of the governmental units having jurisdiction over them. Petitioner's employees were notified of this action. On February 29, 1944, petitioner deposited its check for $ 30,000 as its first payment to the trust in accordance with the resolution and agreement. On December 11, 1944, petitioner's…
1Opinion of the Court
Crow-Burlingame Company, Petitioner, v. Commissioner of Internal Revenue, Respondent
Crow-Burlingame Co. v. Commissioner
Docket No. 19549
United States Tax Court
15 T.C. 738; 1950 U.S. Tax Ct. LEXIS 33;
November 29, 1950, Promulgated
Decision will be entered under Rule 50.
1. On December 11, 1943, petitioner's directors passed a resolution approving the establishment of an employees' pension plan and trust and appropriated irrevocably $ 30,000 thereto. On December 15, 1943, a tentative trust agreement was executed. The plan and trust were to meet with the approval of the governmental units having…
2Cases cited9 opinions
- William Leveen Corp. v. CommissionerUnited States Tax Court · 1944
- Green Bay Lumber Co. v. CommissionerUnited States Tax Court · 1944
- McKee v. ParadiseSupreme Court of the United States · 1936
- Surface Combustion Corp. v. CommissionerUnited States Tax Court · 1947
- Denman Tire & Rubber Co. v. CommissionerUnited States Tax Court · 1950
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