Legal Opinion
John F. Foulkes and Joyce A. Foulkes v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided January 21, 1981No. 79-1945PublishedCited by 47 opinions
1Opinion of the Court
FAIRCHILD, Chief Judge.
This tax case requires us to consider whether a deduction for a contribution to an individual retirement account (IRA) may be taken in a year in the beginning of which taxpayer is covered by a qualified pension plan, but during which it becomes certain that taxpayer can acquire no tax benefit from such coverage.
I
From November 1970 to May 1975 John F. Foulkes was employed by S&C Electric Company of Chicago (S&C). S&C maintained a qualified, noncontributory pension plan and Foulkes was covered by the plan. 1 Pursuant to the terms of the plan, Foulkes forfeited his right…
2Cases cited12 opinions
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
- Red Lion Broadcasting Co. v. Federal Communications CommissionSupreme Court of the United States · 1969
- Church of the Holy Trinity v. United StatesSupreme Court of the United States · 1892
- Wright v. Vinton Branch of Mountain Trust Bank of RoanokeSupreme Court of the United States · 1937
- Boston Sand and Gravel Co. v. United StatesSupreme Court of the United States · 1928
7 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
- Elsie Simer v. Richard J. Rios, Acting Director of Community Services Administration Community Services AdministrationCourt of Appeals for the Seventh Circuit · 1981
- Thomas v. Orvis and Bobye G. Orvis v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1986
- Bart H. Johnson, Jr. And Jimmie Ruth Johnson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1981
- Blair E. Hildebrand v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1982
- Chapman v. CommissionerUnited States Tax Court · 1981
42 more not listed; retrieve them via the Exa API.