Farmers & Merchants State Bank v. Commissioner
2 B.T.A. 130, 1925 BTA LEXIS 2538
Opinion
[131] OPINION.
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Farmers & Merchants State Bank v. Commissioner, 2 B.T.A. 130, 1925 BTA LEXIS 2538 (bta 1925).
2 B.T.A. 130 (Farmers & Merchants State Bank v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Appeal of Farmers & Merchants State Bank
2 B.T.A. 130 (Board of Tax Appeals, 1925)