Lukens Steel Co. v. Commissioner
United States Tax Court
Pursuant to a contract executed by petitioner and the union representing most of its employees, negotiated as to its important provisions by representatives of the major steel companies and of the United Steelworkers Union, petitioner, which kept its books on an accrual basis of accounting, agreed to make certain payments to a fund administered by a trust which would provide supplemental unemployment-benefit payments to its employees.
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Pursuant to a contract executed by petitioner and the union representing most of its employees, negotiated as to its important provisions by representatives of the major steel companies and of the United Steelworkers Union, petitioner, which kept its books on an accrual basis of accounting, agreed to make certain payments to a fund administered by a trust which would provide supplemental unemployment-benefit payments to its employees. A part of the payments to the trust was to be made immediately in cash and a part was to be made at some future time as the financial needs of the fund…
1Opinion of the Court
Lukens Steel Company, Petitioner v. Commissioner of Internal Revenue, Respondent
Lukens Steel Co. v. Commissioner
Docket No. 4779-66
United States Tax Court
52 T.C. 764; 1969 U.S. Tax Ct. LEXIS 81;
August 7, 1969, Filed
Decision will be entered under Rule 50.
Pursuant to a contract executed by petitioner and the union representing most of its employees, negotiated as to its important provisions by representatives of the major steel companies and of the United Steelworkers Union, petitioner, which kept its books on an accrual basis of accounting, agreed to make certain payments to a fund administered…
2Cases cited20 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- American Automobile Assn. v. United StatesSupreme Court of the United States · 1961
- Schulde v. CommissionerSupreme Court of the United States · 1963
- E. W. Schuessler and Aline Schuessler v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1956
- Oberman Mfg. Co. v. CommissionerUnited States Tax Court · 1967
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