Brooks v. Commissioner
United States Tax Court
Held, lump-sum payment received by P in return for his agreement to alter the method of computing pension benefits, to which he had no vested right, was ordinary income.
1Opinion of the Court
Randy Brooks, Petitioner v. Commissioner of Internal Revenue, Respondent
Brooks v. Commissioner
Docket No. 20329-84
United States Tax Court
89 T.C. 43; 1987 U.S. Tax Ct. LEXIS 92; 89 T.C. No. 3; 8 Employee Benefits Cas. (BNA) 2000;
July 6, 1987. July 6, 1987, Filed
Decision will be entered under Rule 155.
Held, lump-sum payment received by P in return for his agreement to alter the method of computing pension benefits, to which he had no vested right, was ordinary income.
Randy Brooks, pro se.
Brett J. Miller, for the respondent.
Simpson, Judge.
SIMPSON
The Commissioner determined a deficiency of $…
2Cases cited5 opinions
- Ballard v. Board of Trustees of Police Pension FundIndiana Supreme Court · 1975
- John B. White, Inc. v. CommissionerUnited States Tax Court · 1971
- City of Greenwood v. SmithIndiana Court of Appeals · 1977
- John B. White, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1972
- Brooks v. CommissionerUnited States Tax Court · 1987