Appeal of Olsen Water & Towing Co.
1 B.T.A. 1149
United States Board of Tax Appeals·Decided May 20, 1925·No. Docket No. 1908·Published·Cited by 1 cases
Opinion
[1150] DECISION.
The item of $7,031.60 should be treated as income for the year 1919, and should not be apportioned over the period of the charter. The deficiency should be recomputed in accordance with this decision and the admissions as set forth on the part of the Commissioner, in so far as such admissions are material. Final determination will be settled on consent or on ten days’ notice, in accordance with Rule 50.
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Appeal of Olsen Water & Towing Co., 1 B.T.A. 1149 (bta 1925).
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Related
Olsen Water & Towing Co. v. Commissioner
1 B.T.A. 1149 (Board of Tax Appeals, 1925)