Appeal of Farmers & Merchants State Bank
2 B.T.A. 130
CourtUnited States Board of Tax Appeals
DecidedJune 23, 1925
DocketDocket No. 1811
StatusPublished
Cited by1 cases
This text of 2 B.T.A. 130 (Appeal of Farmers & Merchants State Bank) 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 Farmers & Merchants State Bank, 2 B.T.A. 130 (bta 1925).
Opinion
[131]*131OPINION.
The sum of $312.50 referred to in the findings was a balance remaining in connection with a capital stock transaction and does not constitute taxable income received by the taxpayer during 1920. The sum was erroneously included in net income, the correct taxable income being $6,381.41. The correct amount of the deficiency is $246.19.
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Related
Farmers & Merchants State Bank v. Commissioner
2 B.T.A. 130 (Board of Tax Appeals, 1925)
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Bluebook (online)
2 B.T.A. 130, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-farmers-merchants-state-bank-bta-1925.