Federal Land Bank Asso. v. Commissioner
United States Tax Court
Held, petitioners' retirement plans satisfied the coverage requirements of sec. 401(a)(3)(B), I.R.C. 1954, during the initial year they went into effect and thereby met the requirements of a "qualified trust" within the meaning of sec. 401(a), I.R.C. 1954, for that year.
1Opinion of the Court
OPINION
Wiles, Judge:
This case is on remand from the United States Court of Appeals for the Fourth Circuit for further proceedings on the merits. Federal Land Bank Association of Asheville, North Carolina, et al. v. Commissioner, 573 F.2d 179 (4th Cir. 1978).
On April 23, 1976, petitioners filed petitions with this Court for declaratory relief pursuant to section 74761 which provides for declaratory judgments relating to qualification of certain retirement plans. In response to the petitions for declaratory relief, the Commissioner filed motions to dismiss for lack of jurisdiction contending…
2Cases cited9 opinions
- Miles v. Safe Deposit & Trust Co. of BaltimoreSupreme Court of the United States · 1922
- Ed & Jim Fleitz, Inc. v. CommissionerUnited States Tax Court · 1968
- Loevsky v. CommissionerUnited States Tax Court · 1971
- Liberty Machine Works, Inc. v. CommissionerUnited States Tax Court · 1974
- Babst Services, Inc. v. CommissionerUnited States Tax Court · 1976
4 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Fujinon Optical, Inc. v. CommissionerUnited States Tax Court · 1981
- Sutherland v. CommissionerUnited States Tax Court · 1982
- Federal Land Bank Asso. v. CommissionerUnited States Tax Court · 1980
- Fujinon Optical, Inc. v. CommissionerUnited States Tax Court · 1981
- Seekonk Lace Co. v. CommissionerUnited States Tax Court · 1983
1 more not listed; retrieve them via the Exa API.