Drake v. Commissioner

Board of Tax Appeals

Drake v. Commissioner

1 B.T.A. 1235, 1925 BTA LEXIS 2594

CourtUnited States Board of Tax Appeals

DecidedMay 26, 1925

DocketDocket No. 481.

StatusPublished

This text of 1 B.T.A. 1235 (Drake v. Commissioner) 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

Drake v. Commissioner, 1 B.T.A. 1235, 1925 BTA LEXIS 2594 (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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1 B.T.A. 1235, 1925 BTA LEXIS 2594, Counsel Stack Legal Research, https://law.counselstack.com/opinion/drake-v-commissioner-bta-1925.

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