Search the Pension Law Library

61. DOL Office of Administrative Law Judges — UNITED STATES DEPARTMENT OF LABOR, PENSION AND WELFARE BENEFITS ADMINISTRATION v. RHODE ISLAND BRICKLAYERS & ALLIED CRAFTSMEN PENSION FUND
    ERISACourt RulingsMay 30, 1995related by meaning
    …m to the address- identified in the Notice of Rejection. [Page 3] Conclusions of Law The purpose of ERISA, a remedial statute, is to protect the integrity of the employee benefit plans through comprehensive regulation. Alessi v. Raybestos-Manhattan. Inc., 451 U.S. 504 (1981); ERISA §2, 29 U.S.C. §1001. Consequently, Co…
62. T.C. Memo. 2009-133 — Paul Rudnick v. Commissioner
    IRCCourt RulingsJun 9, 2009
    …mon or frequent occurrence in the type of busi ess involved ." Deputy v . du Pont , 308 U .S . 488, 495 (1940) . A n is appropriate and helpful for the dev e "Legal expenses that are personal 262(a) . expense is necessarylif i t lopment of the business i are not deductible .', 'lec . 11 - 16 - ,See Commissioner v . Lin…
63. ERISA § 209(a)(1)(C) (29 U.S.C. § 1059) — Recordkeeping and reporting requirements
    ERISACode / StatuteJan 6, 2017related by meaning
    (a)(1)(C) (C) has a 1-year break in service (as defined in section 1053(b)(3)(A) of this title). (a)(2) (2) If more than one employer adopts a plan, each such employer shall furnish to the plan administrator the information necessary for the administrator to maintain the records, and make the reports, required by parag…
64. T.C. Memo. 2009-218 — Von H. Argyle v. Commissioner
    IRCCourt RulingsSep 17, 2009
    …s as follows : SERVED Sep 17 2009 Year Defici ency Penalt y I .R .C . Sec . 6662(a ) 2004 $7,478 $1,495 .6 0 2005 3,606 721 .2 0 2006 10,607 2,121 .4 0 Except as otherwise stated, all section references are to th e Internal Revenue Code in effect for the years in issue, and all {Rule references are to the Tax Court Rul…
65. 131 T.C. No. 15 — Larry G. & Maria A. Walton Mitchell v. Commissioner
    IRCCourt RulingsDec 15, 2008
    …971), we do not enter decisions that will surely be reversed. Lardas v. Commissioner , 99 T.C. 490, 495 (1992). But I am confident that Wehrli would have been distinguishable. The Ninth Circuit was particularly concerned about the possible arbitrariness of an unreviewable administrative decisionmaker: “individual heari…
66. T.C. Memo. 2005-67 — Laura D. Seidel v. Commissioner
    IRCCourt RulingsMar 31, 2005
    …a common or frequent occurrence in the type of business involved. Deputy v. du Pont , 308 U.S. 488, 495 (1940). To be “necessary” an expense must be “appropriate and helpful” to the taxpayer’s business. Welch v. Helvering , supra at 113-114. Deductions are a matter of legislative grace, and the taxpayer bears the burde…
67. 84 FR 53084 — Administrative Review of Agency Decisions
    PBGCProposed Rules (FR)Proposed Oct 4, 2019related by meaning
    …n. Footnotes 1.   See 44 FR 42181, 42181 (July 19, 1979). Back to Citation 2.   See section 4007 of ERISA (designated payor is defined as a contributing sponsor or plan administrator in the case of a single-employer plan). Back to Citation 3.   See 67 FR 47694, 47694 (July 22, 2002). Back to Citation 4.  Note, section …
68. 29 C.F.R. § 2570.81 — In general.
    ERISARegulationsJan 1, 2017related by meaning
    Section 502(l) of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) requires the Secretary of Labor to assess a civil penalty against a fiduciary who breaches a fiduciary responsibility under, or commits any other violation of, part 4 of title I of ERISA or any other person who knowingly participat…
69. T.C. SUMMARY OPINION 2020-12 — Edwin D. Benton & Sheila E. Benton v. Commissioner
    IRCCourt RulingsMar 11, 2020
    …one that commonly or frequently occurs in the taxpayer's business, Deputy v. du Pont, 308 U.S. 488, 495 (1940), and a necessary expense is one that is appropriate and helpful in carrying on the taxpayer's business, Commissioner v. Heininger, 320 U.S. at 471; sec. 1.162-1(a), Income Tax Regs. - 8 - A. Rental Expenses Re…
70. T.C. Memo. 2017-186 — Joe Pokawa & Nancy Fatoma v. Commissioner
    IRCCourt RulingsSep 21, 2017
    …ommon or frequent occurrence in the type of business involved. Deputy v. du Pont, 308 U.S. 488, 494-495 (1940). An expense is necessary if it is appropriate and helpful to the taxpayer's business. Commissioner v. Heininger, 320 U.S. 467, 471 (1943). If a taxpayer establishes that a deductible expense has been paid but …
71. 29 C.F.R. § 2570.131(f) — Definitions.
    ERISARegulationsJan 1, 2017related by meaning
    (f) (f) ERISA means the Employee Retirement Income Security Act of 1974, as amended;
72. T.C. Memo. 2009-100 — Peter I. & Daria A. Basalyk v. Commissioner
    IRCCourt RulingsMay 14, 2009
    …ecords to substantiate the expenses . Secs . 162(a ), 6001 ; Deputy v . du Pont , 308 U . S . 488 , 495-496 ( 1940 ) ; Hradesky v . Commissioner , 65 T .C . 87 , 90 (1975), affd . 540 F . 2d 821 ( 5th Cir . 1976) ; sec . 1 .6001-1 ( a), Income Tax Regs . - 11 - Aside from brief self-serving testimony offered by Mr . Ba…
73. T.C. Summary Opinion 2014-50 — Joel G. Nganga v. Commissioner
    IRCCourt RulingsJun 4, 2014
    …on or frequent occurrence in the type of business - 10 - involved. Deputy v. du Pont, 308 U.S. 488, 495 (1940). To be "necessary" an expense must be "appropriate and helpful" to the taxpayer's business. Welch v. Helvering, 290 U.S. at 113. Additionally, the expenditure must be "directly connected with or pertaining to …
74. T.C. Memo. 2010-263 — Ernestine Forrest v. Commissioner
    IRCCourt RulingsDec 2, 2010
    …the business. Commissioner v. Heininger, 320 U.S. 467, 471 (1943); Deputy v. du Pont, 308 U.S. 488, 495 (1940). In contrast, "personal, liv ng, or family expenses" are generally nondeductible. Sec. 262(a). In certain circumstances, the taxpayer must meet specific substantiation requirements to be allowed a deduction un…
75. T.C. Memo. 2009-140 — James A. Haigh v. Commissioner
    IRCCourt RulingsJun 15, 2009
    …70), affd . 445 F .2d 985 (10th Cir . 1971) ; see also Lardas v . Commissioner , 99 T .C . 490, 494-495 (1992) .
76. 89 FR 32302 — Amendment to Prohibited Transaction Exemption 84-24
    ERISAFinal Rules (FR)Apr 25, 2024related by meaning
    sation” within the contemplation of section 408(b)(2) and 408(c)(2) of ERISA and section 4975(d)(2) and 4975(d)(10) of the Code. ( printed page 32339) If such total is in excess of “reasonable compensation,” the “amount involved” for purposes of the civil penalties of section 502(i) of ERISA and the excise taxes impose…
77. T.C. Memo. 2000-100 — Ronna Joan Robertson v. Commissioner
    IRCCourt RulingsMar 24, 2000
    …the context of the particular business out of which it arose. See Deputy v. du Pont , 308 U.S. 488, 495-496 (1940). A taxpayer’s general statement that his or her expenses were incurred in pursuit of a trade or business normally is not sufficient to establish that the expenses had a reasonably direct relationship to th…
78. ERISA § 4208(a)(2)(C)(iii) (29 U.S.C. § 1388) — Reduction of partial withdrawal liability
    PBGCCode / StatuteJan 4, 1995related by meaning
    (a)(2)(C)(iii) (iii) the employer shall continue to make the partial withdrawal liability payments as they are due.
79. 121 T.C. No. 19 — Fortunato J. Mendes v. Commissioner
    IRCCourt RulingsDec 11, 2003
    …as to shock the general moral or common sense”, Tele-Communications, Inc. v. Commissioner , 95 T.C. 495, 507 (1990). The majority does not set forth a convincing case that either of these exceptions to the plain language doctrine are applicable. Instead, the majority disregards petitioner’s valid return “to avoid a con…
80. T.C. Memo. 2007-360 — Rodolfo & Bernadette Domingo v. Commissioner
    IRCCourt RulingsDec 5, 2007
    … Benefit Net Cash Surrender Valu e 3/1/1999 $595,195 .38 $186,974 .6 8 12/28/1999 4,663,784 .34 220,495 .1 0 12/28/2000 678,528 .13 236,229 .5 7 12/28/2001 688,464 .08 253,038 .0 8 2/5/2003 699,316 .63 272,153 .0 6 3/31/2003 669,547 .00 274,537 .7 2 12/28/2004 713,391 .54 305,930 .8 3 12/28/2005 719,830 .71 324,053 .3 …