E. C. Miner Lithographing Co. v. Commissioner

Board of Tax Appeals

E. C. Miner Lithographing Co. v. Commissioner

1 B.T.A. 588, 1925 BTA LEXIS 2868

CourtUnited States Board of Tax Appeals

DecidedFebruary 13, 1925

DocketDocket No. 468.

StatusPublished

This text of 1 B.T.A. 588 (E. C. Miner Lithographing Co. 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

E. C. Miner Lithographing Co. v. Commissioner, 1 B.T.A. 588, 1925 BTA LEXIS 2868 (bta 1925).

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Opinion

[589]*589DECISION.

The amount of taxable income received by the taxpayer in settlement of its claim against the judgment debtor is the difference between the market value of the shares of stock received, namely, $8,250, and the amount paid by the taxpayer in 1910 as the cost of procuring the judgment, namely, $115.84.

The deficiency in tax should be recomputed in accordance with the foregoing. Final decision will be settled either on consent or on 10 days’ notice in accordance with Rule 50.

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[589]*589DECISION.

The amount of taxable income received by the taxpayer in settlement of its claim against the judgment debtor is the difference between the market value of the shares of stock received, namely, $8,250, and the amount paid by the taxpayer in 1910 as the cost of procuring the judgment, namely, $115.84.

The deficiency in tax should be recomputed in accordance with the foregoing. Final decision will be settled either on consent or on 10 days’ notice in accordance with Rule 50.

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Bluebook (online)

1 B.T.A. 588, 1925 BTA LEXIS 2868, Counsel Stack Legal Research, https://law.counselstack.com/opinion/e-c-miner-lithographing-co-v-commissioner-bta-1925.

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