Appeal of the Twin Falls Title & Abstract Co.

Board of Tax Appeals

Appeal of the Twin Falls Title & Abstract Co.

1 B.T.A. 962

CourtUnited States Board of Tax Appeals

DecidedApril 7, 1925

DocketDocket No. 1643

StatusPublished

Cited by1 cases

This text of 1 B.T.A. 962 (Appeal of the Twin Falls Title & Abstract Co.) 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 the Twin Falls Title & Abstract Co., 1 B.T.A. 962 (bta 1925).

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Opinion

DECISION.

The amount of $122.60, representing depreciation on office furniture and fixtures, is an allowable deduction from gross income for the calendar year 1920, and the deficiency should be recomputed to reflect this item. The determination of the Commissioner with respect to the claimed deductions representing alleged payment for an automobile and depreciation on automobiles, is approved. The amount of the deficiency will be finally settled on consent or on ten days’ notice in accordance with Bule 50.

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DECISION.

The amount of $122.60, representing depreciation on office furniture and fixtures, is an allowable deduction from gross income for the calendar year 1920, and the deficiency should be recomputed to reflect this item. The determination of the Commissioner with respect to the claimed deductions representing alleged payment for an automobile and depreciation on automobiles, is approved. The amount of the deficiency will be finally settled on consent or on ten days’ notice in accordance with Bule 50.

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Bluebook (online)

1 B.T.A. 962, Counsel Stack Legal Research, https://law.counselstack.com/opinion/appeal-of-the-twin-falls-title-abstract-co-bta-1925.

Opinion

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