Blyler v. Commissioner
United States Tax Court
T was an officer of a corporation and a participant in its qualified contributory pension plan. The pension trust was terminated effective in February 1971, and T was discharged by the corporation in April 1971. T received a distribution of a life insurance policy from the trust in October 1971. Because of the actions of one trustee, the cash assets of the trust were blocked in a bank account between June 1971 and January 1972. T received a distribution of cash, representing…
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T was an officer of a corporation and a participant in its qualified contributory pension plan. The pension trust was terminated effective in February 1971, and T was discharged by the corporation in April 1971. T received a distribution of a life insurance policy from the trust in October 1971. Because of the actions of one trustee, the cash assets of the trust were blocked in a bank account between June 1971 and January 1972. T received a distribution of cash, representing his entire remaining interest in the trust, in February 1972. Held, T, a calendar year taxpayer, did not receive the…
1Opinion of the Court
Lee L. Blyler and Evelyn G. Blyler, Petitioners v. Commissioner of Internal Revenue, Respondent
Blyler v. Commissioner
Docket No. 5598-75
United States Tax Court
67 T.C. 878; 1977 U.S. Tax Ct. LEXIS 149;
February 28, 1977, Filed
Decision will be entered for the respondent.
T was an officer of a corporation and a participant in its qualified contributory pension plan. The pension trust was terminated effective in February 1971, and T was discharged by the corporation in April 1971. T received a distribution of a life insurance policy from the trust in October 1971. Because of the actions of one…
2Cases cited20 opinions
- Corliss v. BowersSupreme Court of the United States · 1930
- Avery v. CommissionerSupreme Court of the United States · 1934
- Ross v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1948
- Loose v. United StatesCourt of Appeals for the Eighth Circuit · 1934
- E. N. Funkhouser and Estate of Nellie S. Funkhouser, Deceased, E. N. Funkhouser v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1967
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