- 2 - Respondent determined a deficiency in petitioner’s 1996 Federal income tax in the amount of $1,883.1 The issues for decision are: (1) Whether pension payments from Boilermaker- Blacksmith National Pension Trust (pension trust) are includable in gross income under section 105, and (2) whether Social Security benefits are includable in gross income under section 86. Some of the facts were stipulated and are so found. The stipulation of facts and the attached exhibits are incorporated herein. Petitioner resided in Olympia, Washington, at the time the petition was filed. During the year in issue, petitioner was married and filed a joint Federal income tax return. Petitioner worked as a field boilermaker for 22 years and was a member of the Boilermakers Local 563 (union) before he was diagnosed with ankylosing spondylitis in 1986. As a member of the union, petitioner paid dues and participated in the pension trust, an employer-paid plan for disability and retirement pensions. Due to his illness, petitioner was no longer able to work after 1986. Petitioner became eligible to receive Social Security disability benefits in 1987 and received total benefits of $11,034 in 1996. No portion of these benefits was disclosed or reported in gross income by petitioner on his 1996 return. In 1988, petitioner was also approved to receive a “disability 1 The notice of deficiency was addressed to “William R & Patricia M Luhr”. Patricia Luhr did not sign the petition or any other documents relating to this case and is not a party in this matter.Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011