Appeal of Drake

Board of Tax Appeals

Appeal of Drake

1 B.T.A. 1235

CourtUnited States Board of Tax Appeals

DecidedMay 26, 1925

DocketDocket No. 481

StatusPublished

Cited by1 cases

This text of 1 B.T.A. 1235 (Appeal of Drake) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Appeal of Drake, 1 B.T.A. 1235 (bta 1925).

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Opinion

[1237]*1237OPINION.

Morris:

The Board is of the opinion that Drake & Company was a partnership for the years in question. As the taxpayer kept no individual books the computation of his tax by the Commissioner on the calendar-year basis was proper under section 212 (b) of the Revenue Act of 1918, which provides, inter alia, that if the taxpayer has no annual accounting period or does not keep books his net income shall be computed on the basis of the calendar year.

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[1237]*1237OPINION.

Morris:

The Board is of the opinion that Drake & Company was a partnership for the years in question. As the taxpayer kept no individual books the computation of his tax by the Commissioner on the calendar-year basis was proper under section 212 (b) of the Revenue Act of 1918, which provides, inter alia, that if the taxpayer has no annual accounting period or does not keep books his net income shall be computed on the basis of the calendar year.

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Bluebook (online)

1 B.T.A. 1235, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-drake-bta-1925.

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