BALSO FOUNDATION v. UNITED STATES

Civ. No. N 77-85(WWE).

573 F.Supp. 191 (1983)

BALSO FOUNDATION v. UNITED STATES of America.

United States District Court, D. Connecticut.

September 14, 1983.


Attorney(s) appearing for the Case

Jon T. Hirschoff, of Tyler, Cooper & Alcorn, New Haven, Conn., for plaintiff.

V. James Ferraro, Tax Div., U.S. Dept. of Justice, Washington, D.C., and Barry K. Stevens, Asst. U.S. Atty., Bridgeport, Conn., for defendant.


RULING ON CROSS-MOTIONS FOR SUMMARY JUDGMENT

EGINTON, District Judge.

The plaintiff, Balso Foundation ("Balso"), brings this suit as a taxpayer seeking a refund of taxes paid. Balso and the United States agree on the facts as set forth below and both have moved for summary judgment.

In late 1971, the Ball and Socket Manufacturing Co. ("Ball and Socket") established Balso as a private foundation exempt from taxation by 26 U.S.C. § 501(a). Balso...

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