Nordtvedt v. Commissioner
United States Tax Court
P adjusted the basis in his retirement annuity by an inflation factor, to take account of inflation between the date of his contributions to the retirement plan and the annuity starting date, for purposes of calculating the amount of his pension annuity subject to Federal income tax.
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P adjusted the basis in his retirement annuity by an inflation factor, to take account of inflation between the date of his contributions to the retirement plan and the annuity starting date, for purposes of calculating the amount of his pension annuity subject to Federal income tax. P further adjusted the basis in his retirement annuity to account for expected inflation over his actuarial life for purposes of calculating the amount of his pension annuity subject to Federal income tax. HELD: P may not adjust the basis in his retirement annuity to account for inflation for purposes of…
1Opinion of the Court
KENNETH L. NORDTVEDT, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Nordtvedt v. Commissioner
No. 670-99
United States Tax Court
116 T.C. 165; 2001 U.S. Tax Ct. LEXIS 13; 116 T.C. No. 13;
March 13, 2001, Filed
Decision will be entered for respondent.
P adjusted the basis in his retirement annuity by an
inflation factor, to take account of inflation between the date
of his contributions to the retirement plan and the annuity
starting date, for purposes of calculating the amount of his
pension annuity subject to Federal income tax. P further
adjusted the basis in his retirement annuity to…
2Cases cited21 opinions
- Helvering v. CliffordSupreme Court of the United States · 1940
- Commissioner v. Glenshaw Glass Co.Supreme Court of the United States · 1955
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- Gajewski v. CommissionerUnited States Tax Court · 1976
- Knox v. LeeSupreme Court of the United States · 1871
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