Bausch v. Commissioner
United States Tax Court
Edward Bausch and William Bausch had for about 50 years served the Bausch & Lomb Optical Company of Rochester, New York, in important capacities. They both died on different dates in 1944 and and each was receiving at the time of his death $ 1,500 a month. Each was a widower.
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Edward Bausch and William Bausch had for about 50 years served the Bausch & Lomb Optical Company of Rochester, New York, in important capacities. They both died on different dates in 1944 and and each was receiving at the time of his death $ 1,500 a month. Each was a widower. After the death of each and without any enforceable obligation, the corporation paid to the estate of each decedent the same salary for a period of 12 months that decedent had been drawing at the time of his death. Held, such part of the payments made to the estates in the taxable year represented taxable income to the…
1Opinion of the Court
Estate of Edward Bausch, Deceased, M. Herbert Eisenhart and Joseph F. Taylor, Executors, Petitioners, v. Commissioner of Internal Revenue, Respondent. Estate of William Bausch, Deceased, M. Herbert Eisenhart and Joseph F. Taylor, Executors, Petitioners, v. Commissioner of Internal Revenue, Respondent
Bausch v. Commissioner
Docket Nos. 20744, 20745
United States Tax Court
14 T.C. 1433; 1950 U.S. Tax Ct. LEXIS 143;
June 30, 1950, Promulgated
Decisions will be entered for the respondent.
Edward Bausch and William Bausch had for about 50 years served the Bausch & Lomb Optical Company of Rochester, New…
2Cases cited2 opinions
- O'Daniel v. CommissionerUnited States Tax Court · 1948
- Bausch v. CommissionerUnited States Tax Court · 1950