1. Home
  2. Browse Decisions
  3. T.C.
  4. 31 T.C.
  5. 31 T.C. 100 (1958)
 

ENOS v. COMMISSIONER

Docket No. 65059.

31 T.C. 100 (1958)

ROBERT C. ENOS AND CLARA M. ENOS, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed October 21, 1958.

Attorney(s) appearing for the Case

Thomas J. McManus, Esq., for the petitioners.

Albert J. O'Connor, Esq., for the respondent.

OPINION.

WITHEY, Judge:

Respondent determined a deficiency in the petitioners' income tax for 1952 in the amount of $60,495.57. The issue presented for our decision is the correctness of the respondent's action in determining that gain realized from the cancellation of stock options during 1952 constituted compensation for the services of petitioner Robert C. Enos and was therefore taxable to him as ordinary income.

The case was submitted...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases