Sorensen v. Commissioner
United States Tax Court
1. Following his retirement from the employment of Ford Motor Company, of which for a number of years he had been executive vice president at a salary of $ 250,000 a year, and after several approaches by officials of Willys-Overland Motors, Inc., and after his investigation into the affairs of Willys and its postwar prospects, the petitioner, in June 1944, entered into an arrangement with Willys whereby the latter employed him for a period of 10 years.
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1. Following his retirement from the employment of Ford Motor Company, of which for a number of years he had been executive vice president at a salary of $ 250,000 a year, and after several approaches by officials of Willys-Overland Motors, Inc., and after his investigation into the affairs of Willys and its postwar prospects, the petitioner, in June 1944, entered into an arrangement with Willys whereby the latter employed him for a period of 10 years. Under the arrangement the petitioner agreed that during his employment he would not act as an officer or director of any corporation, other…
1Opinion of the Court
Charles E. Sorensen and Helen M. Sorensen, Petitioners, v. Commissioner of Internal Revenue, Respondent. Charles E. Sorensen, Petitioner, v. Commissioner of Internal Revenue, Respondent
Sorensen v. Commissioner
Docket Nos. 41257, 41258
United States Tax Court
22 T.C. 321; 1954 U.S. Tax Ct. LEXIS 207;
May 17, 1954, Filed. May 17, 1954, Filed
Decisions will be entered under Rule 50.
1. Following his retirement from the employment of Ford Motor Company, of which for a number of years he had been executive vice president at a salary of $ 250,000 a year, and after several approaches by officials of…
2Cases cited8 opinions
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Commissioner v. SmithSupreme Court of the United States · 1945
- Fisher v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1954
- Fisher v. CommissionerUnited States Tax Court · 1952
- Van Dusen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1948
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