Richards v. Commissioner
United States Tax Court
Pursuant to a union agreement which provided for the establishment of a newly created pension plan by the petitioners' corporate employer, petitioners received a distribution of one-half of their respective interests in an existing Profit Sharing Retirement Plan previously established by their corporate employer, the undistributed one-half interests remaining as continuing portions to be transferred to the Pension Plan Trust.
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Pursuant to a union agreement which provided for the establishment of a newly created pension plan by the petitioners' corporate employer, petitioners received a distribution of one-half of their respective interests in an existing Profit Sharing Retirement Plan previously established by their corporate employer, the undistributed one-half interests remaining as continuing portions to be transferred to the Pension Plan Trust. Approximately 4 weeks later petitioners' corporate employer sold all of its operating assets to another corporation; petitioners continued to work as employees of the…
1Opinion of the Court
Ward T. Richards and Mary Richards, et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Richards v. Commissioner
Docket Nos. 3304-69, 4057-69
United States Tax Court
57 T.C. 278; 1971 U.S. Tax Ct. LEXIS 21;
November 24, 1971, Filed
Decisions will be entered for the respondent.
Pursuant to a union agreement which provided for the establishment of a newly created pension plan by the petitioners' corporate employer, petitioners received a distribution of one-half of their respective interests in an existing Profit Sharing Retirement Plan previously established by their corporate…
2Cases cited5 opinions
- United States v. Ophelia Johnson and Ophelia R. Johnson, as Under the Last Will and Testament of Clifford L. Johnson, DeceasedCourt of Appeals for the Fifth Circuit · 1964
- Miller v. CommissionerUnited States Tax Court · 1954
- Gittens v. CommissionerUnited States Tax Court · 1968
- Stewart v. CommissionerUnited States Tax Court · 1969
- Richards v. CommissionerUnited States Tax Court · 1971